My most important point today is this: Many gold stocks haven't joined bullion yet. Those that have risen have done so modestly in most cases. Do not dump them to chase the bullion rocket. That borders on insanity. Gold stocks should be bought aggressively into any and all weakness. If you think you are missing out on bullion now, magnify that by 100, and you'll have the picture of how twisted your emotions will be when the gold stocks join the party and you sold out to chase a $100 move in bullion.
The Dow is beginning to hyperinflate, as major institutional players sense a US dollar meltdown is very near at hand. Rising bullion prices coupled with a soaring Dow put you, the gold stock owner, in what I term "The Ultimate Driver's Seat". There is no better place to be invested right here, right now. My suggestion is you scan the gold stocks horizon and buy what you can that is weak. Don't walk to those stocks. Run.
Notice I said "hurry". Not: "back up the truck". You don't need much fuel in a toy rocket to shoot it 500 feet in the air. That is the gold stocks market. But do not waste time. Time is of the essence. The gold juniors rocket is on the launchpad in a situation in time comparable to when gold bullion was at $960 as it moved towards the triangle breakout.
Nov 10, 2009
Stewart Thomson
http://www.321gold.com/editorials/thomson_...n_s_111009.html
Full Version: RUN, DON"T WALK TO BUY GOLD STOCKS
QUOTE (BHP Tinto @ Nov 11 2009, 08:25 AM) 
My most important point today is this: Many gold stocks haven't joined bullion yet. T
A clear non-confirmation of the move in Gold
In a healthy market, Gold stocks lead
Is there any thread discussing investments in precious metal miners?
QUOTE (DrBubb @ Nov 11 2009, 02:23 AM)
In a healthy market
it's not a healthy market though is it.
many people just don't want to be holding any fiat/financial assets period.
Many people don't have fiat or financial assets is more likely I would of thought!
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
Or is there two three or four that really stand out as potential winners.
Why will the gold stocks out perform the real hard asset ?
Finally how or where do you buy them from?
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
Or is there two three or four that really stand out as potential winners.
Why will the gold stocks out perform the real hard asset ?
Finally how or where do you buy them from?
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
QUOTE (DrBubb @ Nov 11 2009, 02:23 AM)
A clear non-confirmation of the move in Gold
In a healthy market, Gold stocks lead
In a healthy market, Gold stocks lead
The market generally is far from healthy with all the government stimulus, QE and cartel manipulation happening. But gold keeps moving to new highs, gold stocks will pull out of the stupor soon enough.
Think you are going to regret selling those juniors, DrB.
QUOTE (Manual labourer @ Nov 11 2009, 08:23 AM)
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
Or is there two three or four that really stand out as potential winners.
Why will the gold stocks out perform the real hard asset ?
Finally how or where do you buy them from?
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
Or is there two three or four that really stand out as potential winners.
Why will the gold stocks out perform the real hard asset ?
Finally how or where do you buy them from?
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
+1 on this, have been keen on doing something like this for ages but still not even sure where to start. All advice/pointers appreciated.
Bubb - like a few others have already said - and as you surely know - no the markets aren't healthy. So bullion needs to clear the way for the stocks... Or wouldn't you agree?
Everyone asking about a junior PM minors ETF - today's your lucky day! GDXJ starts trading today.
http://www.stockhouse.com/Bullboards/Messa...mp;pd=0&r=0
EDIT: See DocS meantioned GDX in post at same time... GDX for seniors. Actually, some of the companies in GDXJ aren't really that small, eg. Hecla.
Everyone asking about a junior PM minors ETF - today's your lucky day! GDXJ starts trading today.
http://www.stockhouse.com/Bullboards/Messa...mp;pd=0&r=0
EDIT: See DocS meantioned GDX in post at same time... GDX for seniors. Actually, some of the companies in GDXJ aren't really that small, eg. Hecla.
QUOTE (Manual labourer @ Nov 11 2009, 08:23 AM)
Many people don't have fiat or financial assets is more likely I would of thought!
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
You can buy an ETF called GDX that holds a basket of 43 international gold and silver stocks listed on AMEX. There may be others worth looking at that I am not aware of.
http://www.zealllc.com/2007/gdxetf.htm
QUOTE
Or is there two three or four that really stand out as potential winners.
I think the big winners will be junior/mid-sized companies that are in or about to go in to production with a large economic resource i.e. the cost to get the gold out the ground is low (e.g. sub $350 is low). One of my favourites that ticks these boxes is Gold Resource Corporation. They have already jumped up a lot from the lows but I think they have much further to go.
Take a look at their presentation and you can see what you make of it:
http://www.goldresourcecorp.com/presentati...any/player.html
If you can get in under 8 USD that will prove to be a good buy within the next couple of years. They are targeting production this year and aim to pay a dividend of 1USD. So thats a 12% return just to hold let alone any potential capital gains.
Please bare in mind mining is a very risky business as you have no idea what crazy laws governments are going to come up with next, maybe the mine will get flooded and stop production etc..
QUOTE
Why will the gold stocks out perform the real hard asset ?
It is thought that in a post bubble contraction such as we are in now, the cost of mining will decline at the same time as the price of gold is going up. This is a double win for gold miners as their margins increase substantially. Giving you leverage to the gold price.
QUOTE
Finally how or where do you buy them from?
Most gold stocks particularly the juniors trade on the toronto stock exchange so make sure your broker can deal there. I use TDWaterhouse and they have been good so far.
QUOTE
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
No worries man we are all here to learn and exchange info and ideas. Im still learning loads. And I wouldn't say you are too late at all plenty good gold stocks are still trading below their all time highs. If the stock market does do a double dip the gold stocks will get taken down too regardless. many think there is a good chance we will see another panic sell off soon. If you are concerned about that my advice would be to average in. Buy some now and keep buying some more every month or when a pull back happens till you have invested the amount you wanted to.
QUOTE (BHP Tinto @ Nov 11 2009, 12:25 AM)
My most important point today is this: Many gold stocks haven't joined bullion yet. Those that have risen have done so modestly in most cases. Do not dump them to chase the bullion rocket. That borders on insanity. Gold stocks should be bought aggressively into any and all weakness. If you think you are missing out on bullion now, magnify that by 100, and you'll have the picture of how twisted your emotions will be when the gold stocks join the party and you sold out to chase a $100 move in bullion.
The Dow is beginning to hyperinflate, as major institutional players sense a US dollar meltdown is very near at hand. Rising bullion prices coupled with a soaring Dow put you, the gold stock owner, in what I term "The Ultimate Driver's Seat". There is no better place to be invested right here, right now. My suggestion is you scan the gold stocks horizon and buy what you can that is weak. Don't walk to those stocks. Run.
Notice I said "hurry". Not: "back up the truck". You don't need much fuel in a toy rocket to shoot it 500 feet in the air. That is the gold stocks market. But do not waste time. Time is of the essence. The gold juniors rocket is on the launchpad in a situation in time comparable to when gold bullion was at $960 as it moved towards the triangle breakout.
Nov 10, 2009
Stewart Thomson
http://www.321gold.com/editorials/thomson_...n_s_111009.html
The Dow is beginning to hyperinflate, as major institutional players sense a US dollar meltdown is very near at hand. Rising bullion prices coupled with a soaring Dow put you, the gold stock owner, in what I term "The Ultimate Driver's Seat". There is no better place to be invested right here, right now. My suggestion is you scan the gold stocks horizon and buy what you can that is weak. Don't walk to those stocks. Run.
Notice I said "hurry". Not: "back up the truck". You don't need much fuel in a toy rocket to shoot it 500 feet in the air. That is the gold stocks market. But do not waste time. Time is of the essence. The gold juniors rocket is on the launchpad in a situation in time comparable to when gold bullion was at $960 as it moved towards the triangle breakout.
Nov 10, 2009
Stewart Thomson
http://www.321gold.com/editorials/thomson_...n_s_111009.html
If your fear is hyperinflation, bullion is so much better than stocks. Hyper-inflation is the result of governments abandonment of fiscal responsibility and just taking anything and everything they can lay their hands on.
QUOTE (DoctorSolar @ Nov 11 2009, 10:19 AM)
You can buy an ETF called GDX that holds a basket of 43 international gold and silver stocks listed on AMEX. There may be others worth looking at that I am not aware of.
http://www.zealllc.com/2007/gdxetf.htm
I think the big winners will be junior/mid-sized companies that are in or about to go in to production with a large economic resource i.e. the cost to get the gold out the ground is low (e.g. sub $350 is low). One of my favourites that ticks these boxes is Gold Resource Corporation. They have already jumped up a lot from the lows but I think they have much further to go.
Take a look at their presentation and you can see what you make of it:
http://www.goldresourcecorp.com/presentati...any/player.html
If you can get in under 8 USD that will prove to be a good buy within the next couple of years. They are targeting production this year and aim to pay a dividend of 1USD. So thats a 12% return just to hold let alone any potential capital gains.
Please bare in mind mining is a very risky business as you have no idea what crazy laws governments are going to come up with next, maybe the mine will get flooded and stop production etc..
It is thought that in a post bubble contraction such as we are in now, the cost of mining will decline at the same time as the price of gold is going up. This is a double win for gold miners as their margins increase substantially. Giving you leverage to the gold price.
Most gold stocks particularly the juniors trade on the toronto stock exchange so make sure your broker can deal there. I use TDWaterhouse and they have been good so far.
No worries man we are all here to learn and exchange info and ideas. Im still learning loads. And I wouldn't say you are too late at all plenty good gold stocks are still trading below their all time highs. If the stock market does do a double dip the gold stocks will get taken down too regardless. many think there is a good chance we will see another panic sell off soon. If you are concerned about that my advice would be to average in. Buy some now and keep buying some more every month or when a pull back happens till you have invested the amount you wanted to.
http://www.zealllc.com/2007/gdxetf.htm
I think the big winners will be junior/mid-sized companies that are in or about to go in to production with a large economic resource i.e. the cost to get the gold out the ground is low (e.g. sub $350 is low). One of my favourites that ticks these boxes is Gold Resource Corporation. They have already jumped up a lot from the lows but I think they have much further to go.
Take a look at their presentation and you can see what you make of it:
http://www.goldresourcecorp.com/presentati...any/player.html
If you can get in under 8 USD that will prove to be a good buy within the next couple of years. They are targeting production this year and aim to pay a dividend of 1USD. So thats a 12% return just to hold let alone any potential capital gains.
Please bare in mind mining is a very risky business as you have no idea what crazy laws governments are going to come up with next, maybe the mine will get flooded and stop production etc..
It is thought that in a post bubble contraction such as we are in now, the cost of mining will decline at the same time as the price of gold is going up. This is a double win for gold miners as their margins increase substantially. Giving you leverage to the gold price.
Most gold stocks particularly the juniors trade on the toronto stock exchange so make sure your broker can deal there. I use TDWaterhouse and they have been good so far.
No worries man we are all here to learn and exchange info and ideas. Im still learning loads. And I wouldn't say you are too late at all plenty good gold stocks are still trading below their all time highs. If the stock market does do a double dip the gold stocks will get taken down too regardless. many think there is a good chance we will see another panic sell off soon. If you are concerned about that my advice would be to average in. Buy some now and keep buying some more every month or when a pull back happens till you have invested the amount you wanted to.
Thankyou for all the info.
Regards
ML.
QUOTE (d2thdr @ Nov 11 2009, 09:36 AM)
Is there any thread discussing investments in precious metal miners?
There's a whole subforum on Mining and Precious Metals:
http://www.greenenergyinvestors.com/index.php?showforum=24
QUOTE (Manual labourer @ Nov 11 2009, 08:23 AM)
Why will the gold stocks out perform the real hard asset ?
if the price of gold rises faster than mining costs and if the company directors, the stock exchange and the statists don't cream-off too much for themselves then gold stocks might out-perform gold bullion.
QUOTE (BHP Tinto @ Nov 11 2009, 12:25 AM)
My most important point today is this: Many gold stocks haven't joined bullion yet. Those that have risen have done so modestly in most cases. Do not dump them to chase the bullion rocket. That borders on insanity. Gold stocks should be bought aggressively into any and all weakness. If you think you are missing out on bullion now, magnify that by 100, and you'll have the picture of how twisted your emotions will be when the gold stocks join the party and you sold out to chase a $100 move in bullion.
The Dow is beginning to hyperinflate, as major institutional players sense a US dollar meltdown is very near at hand. Rising bullion prices coupled with a soaring Dow put you, the gold stock owner, in what I term "The Ultimate Driver's Seat". There is no better place to be invested right here, right now. My suggestion is you scan the gold stocks horizon and buy what you can that is weak. Don't walk to those stocks. Run.
Notice I said "hurry". Not: "back up the truck". You don't need much fuel in a toy rocket to shoot it 500 feet in the air. That is the gold stocks market. But do not waste time. Time is of the essence. The gold juniors rocket is on the launchpad in a situation in time comparable to when gold bullion was at $960 as it moved towards the triangle breakout.
Nov 10, 2009
Stewart Thomson
http://www.321gold.com/editorials/thomson_...n_s_111009.html
The Dow is beginning to hyperinflate, as major institutional players sense a US dollar meltdown is very near at hand. Rising bullion prices coupled with a soaring Dow put you, the gold stock owner, in what I term "The Ultimate Driver's Seat". There is no better place to be invested right here, right now. My suggestion is you scan the gold stocks horizon and buy what you can that is weak. Don't walk to those stocks. Run.
Notice I said "hurry". Not: "back up the truck". You don't need much fuel in a toy rocket to shoot it 500 feet in the air. That is the gold stocks market. But do not waste time. Time is of the essence. The gold juniors rocket is on the launchpad in a situation in time comparable to when gold bullion was at $960 as it moved towards the triangle breakout.
Nov 10, 2009
Stewart Thomson
http://www.321gold.com/editorials/thomson_...n_s_111009.html
The gold newsletters were pumping out this 'buy now or miss the boat forever' scaremongering in a big way back in May 2006 as well, just prior to a hefty correction. I'm not saying gold is heading lower, or that the shares don't have some catching up to do, but you're only going to get one kind of advice from a goldbug newsletter - and it won't ever urge caution or warn of danger.
Most of these writers are so rabid they're beyond parody, so take what they say with a healthy dose of cynicism.
QUOTE (Mr P @ Nov 11 2009, 10:18 AM)
Bubb - like a few others have already said - and as you surely know - no the markets aren't healthy. So bullion needs to clear the way for the stocks... Or wouldn't you agree?
Everyone asking about a junior PM minors ETF - today's your lucky day! GDXJ starts trading today.
http://www.stockhouse.com/Bullboards/Messa...mp;pd=0&r=0
EDIT: See DocS meantioned GDX in post at same time... GDX for seniors. Actually, some of the companies in GDXJ aren't really that small, eg. Hecla.
Everyone asking about a junior PM minors ETF - today's your lucky day! GDXJ starts trading today.
http://www.stockhouse.com/Bullboards/Messa...mp;pd=0&r=0
EDIT: See DocS meantioned GDX in post at same time... GDX for seniors. Actually, some of the companies in GDXJ aren't really that small, eg. Hecla.
Hmm - Am I being a bit thick here, but GDXJ doesn't seem to be recognised by my Selftrade or TD Waterhouse accounts :-( (I did put in USA as the market). Do you need some fancy pants trading account to access it?
Regards,
crude.
QUOTE (Mr P @ Nov 11 2009, 11:18 AM)
Everyone asking about a junior PM minors ETF - today's your lucky day! GDXJ starts trading today.
That's lucky as in finding a suitable trading vehicle - not necessarily lucky as in juniors are a sure winner! High risk/high volatility. Even if you're sure gold and gold stocks are going to do well - probably lots off chaff out there - though I think the guy behind this knows what he's doing.
QUOTE (marceau @ Nov 11 2009, 01:56 PM)
The gold newsletters were pumping out this 'buy now or miss the boat forever' scaremongering in a big way back in May 2006 as well, just prior to a hefty correction. I'm not saying gold is heading lower, or that the shares don't have some catching up to do, but you're only going to get one kind of advice from a goldbug newsletter - and it won't ever urge caution or warn of danger.
Most of these writers are so rabid they're beyond parody, so take what they say with a healthy dose of cynicism.
Most of these writers are so rabid they're beyond parody, so take what they say with a healthy dose of cynicism.
Thing is, when 321gold give out one of ST's daily newsletter every week (with there own 'large' title) , it can easily get taken out of context. He gives it the large one as entertainment to his subscribers (guess it gets him noticed hen his articles are posted about too). If you check out how this guy actually trades/recommends trading, how much of his a/c he holds in cash, etc (and if you ever email him) I'd say he's a pretty cautious, conservative trader.
QUOTE (crudeFool @ Nov 11 2009, 02:13 PM)
Hmm - Am I being a bit thick here, but GDXJ doesn't seem to be recognised by my Selftrade or TD Waterhouse accounts :-( (I did put in USA as the market). Do you need some fancy pants trading account to access it?
Regards,
crude.
Might not show straight off I guess. Interactive Brokers finds it but no details as yet - will see if it shows during todays trading hours.
Regards,
crude.
QUOTE (Manual labourer @ Nov 11 2009, 08:23 AM)
Many people don't have fiat or financial assets is more likely I would of thought!
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
There is a gold miner etfs available in the UK: ETFX Russell Global Gold Mining Fund (AUCP), designed to track the performance of the Russell Global Gold Index (large cap gold miners)
Also you can buy mutual funds like Black Rock Gold and General (a fund manager with a good track record, large and medium cap) or the Baker Steel Gold Fund (marketed by Ruffer, small and medium cap gold miners). The funds have higher charges but this can be mitigated by buying through a funds supermarket or similar (see below)
Or is there two three or four that really stand out as potential winners.
If I knew that...
Why will the gold stocks out perform the real hard asset ?
Because over a span of time they are leveraged to the price of gold. That works both ways, up and down.
Finally how or where do you buy them from?
You could look into a stocks ISA such as that provided by Hargreaves Lansdown.
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
There is a gold miner etfs available in the UK: ETFX Russell Global Gold Mining Fund (AUCP), designed to track the performance of the Russell Global Gold Index (large cap gold miners)
Also you can buy mutual funds like Black Rock Gold and General (a fund manager with a good track record, large and medium cap) or the Baker Steel Gold Fund (marketed by Ruffer, small and medium cap gold miners). The funds have higher charges but this can be mitigated by buying through a funds supermarket or similar (see below)
Or is there two three or four that really stand out as potential winners.
If I knew that...
Why will the gold stocks out perform the real hard asset ?
Because over a span of time they are leveraged to the price of gold. That works both ways, up and down.
Finally how or where do you buy them from?
You could look into a stocks ISA such as that provided by Hargreaves Lansdown.
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
QUOTE (Mr P @ Nov 11 2009, 01:57 PM)
Might not show straight off I guess. Interactive Brokers finds it but no details as yet - will see if it shows during todays trading hours.
GDXJ is showing up now in Yahoo finance, but sadly not in my Selftrade or TD account searches. May have to wait. Dumped my Minefinders yesterday to put into GDXJ - they make up about 2.5% of the ETF.
Regards,
crude.
QUOTE (crudeFool @ Nov 11 2009, 01:13 PM)
Hmm - Am I being a bit thick here, but GDXJ doesn't seem to be recognised by my Selftrade or TD Waterhouse accounts :-( (I did put in USA as the market). Do you need some fancy pants trading account to access it?
Regards,
crude.
Regards,
crude.
According to the link Mr P gave GDXJ starts trading tomorrow - its a junior focused fund so be prepared for a rocky ride - hopefully profitable.
Position yourself accordingly - dont go all in and take a look at the GDX which is for larger caps - really you should have more in GDX related than GDXJ, I guess thats obvious. And dont confuse the two for bullion!
You should be able to access both especially via TDW. Trouble is with these being US listed only it makes dealing from UK slightly more expensive and not accessible via the cheap monthly purchase options that likes of Halifax /iii offer.
QUOTE (Manual labourer @ Nov 11 2009, 08:23 AM)
Many people don't have fiat or financial assets is more likely I would of thought!
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
Or is there two three or four that really stand out as potential winners.
Why will the gold stocks out perform the real hard asset ?
Finally how or where do you buy them from?
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
For those like me who are just awakening to the nightmare ahead, I for one have seen the posts on here warning of the dangers ahead,(Thank you to the enlightened who have made them).But chose to bury my head in the sand until now!
As the forum name suggests I am not really up on buying gold stocks, and whilst I wont ask for a specific stock tip, is it possible to buy a basket of a few somewhere?
Or is there two three or four that really stand out as potential winners.
Why will the gold stocks out perform the real hard asset ?
Finally how or where do you buy them from?
Sorry IN ADVANCE for bring the thread down to base levels I just want to learn before it's too late!
Cheers
ML.
Another choice for large cap gold miners is Black Rock Gold & General which is what i use. It roughly tracks the HUI (Gold miners index)
You can also hold this in a stocks and shares ISA unlike many of the more obscure funds out there
http://www.trustnet.com/Factsheets/Factshe...CPGG&univ=U
This is available through Selftrade at a big discount to the quoted rates in that link
edit: Apologies newbear just read your post
Re. GDXJ - probably hanging on the Market Makers getting things started. ARCA listed.
Forgot -
Yep there's Blackrock Gold fund (which trades seniors) but there's also CF Ruffer Baker Steel Gold Fund which does trade more juniors: http://www.citywire.co.uk/Adviser/fund-and...wireClassID=139 Both UK based.
And... there's PNP.to and EDV.to which hold loads of tidgy PM (and rare elements) stocks. DYOR.
Forgot -
Yep there's Blackrock Gold fund (which trades seniors) but there's also CF Ruffer Baker Steel Gold Fund which does trade more juniors: http://www.citywire.co.uk/Adviser/fund-and...wireClassID=139 Both UK based.
And... there's PNP.to and EDV.to which hold loads of tidgy PM (and rare elements) stocks. DYOR.
QUOTE (littledavesab @ Nov 11 2009, 05:40 PM)
According to the link Mr P gave GDXJ starts trading tomorrow - its a junior focused fund so be prepared for a rocky ride - hopefully profitable.
Position yourself accordingly - dont go all in and take a look at the GDX which is for larger caps - really you should have more in GDX related than GDXJ, I guess thats obvious. And dont confuse the two for bullion!
You should be able to access both especially via TDW. Trouble is with these being US listed only it makes dealing from UK slightly more expensive and not accessible via the cheap monthly purchase options that likes of Halifax /iii offer.
Position yourself accordingly - dont go all in and take a look at the GDX which is for larger caps - really you should have more in GDX related than GDXJ, I guess thats obvious. And dont confuse the two for bullion!
You should be able to access both especially via TDW. Trouble is with these being US listed only it makes dealing from UK slightly more expensive and not accessible via the cheap monthly purchase options that likes of Halifax /iii offer.
Been in gold related stuff since 2004 so well used to the ups and downs. Got a core position of physical (coins + goldmoney), SLW + Blackrock Gold and Gen. The GDXJ is just what I'm looking for - provided I can actually buy it! Minefinders has given me a 10% return in the year or so I've had it - bought at $10 (CAN), sold at $11 (CAN) - unfortunately didn't buy when they were $4 not so long ago
Same applies to SLW Greed and fear eh?Thanks,
cruce.
This article gives an overview of some of the precious metal stock indexes:
http://www.gold-eagle.com/editorials_08/wilsonl102609.html
http://www.gold-eagle.com/editorials_08/wilsonl102609.html
QUOTE (Mr P @ Nov 12 2009, 05:11 AM)
And... there's PNP.to and EDV.to which hold loads of tidgy PM (and rare elements) stocks. DYOR.
PNP.to is amongst my remaining holdings.
QUOTE (Mr P @ Nov 11 2009, 09:11 PM)
And... there's PNP.to and EDV.to which hold loads of tidgy PM (and rare elements) stocks. DYOR.
I like EDV.to hold some and have high hopes for them. Results due this week which should show a nice increase to NAV.
GDXJ up at running now at IB... Think it'll be a down day (or few) though.
Re. PNP -
News Releases
Pinetree Capital Ltd. Announces Unaudited Financial Results For The Three And Nine Months Ended September 30, 2009
http://www.pinetreecapital.com/investors/n...;content_id=254 11/11
Re. PNP -
News Releases
Pinetree Capital Ltd. Announces Unaudited Financial Results For The Three And Nine Months Ended September 30, 2009
http://www.pinetreecapital.com/investors/n...;content_id=254 11/11
QUOTE (TrueNorth @ Nov 11 2009, 10:23 PM)
Thanks for that link - it is the first time I have come across that blog - but I find myself agreeing with it 100%.
QUOTE (Mr P @ Nov 12 2009, 02:28 PM)
GDXJ up at running now at IB... Think it'll be a down day (or few) though.
Selftrade say I can't trade on GDXJ as it's not on CREST
TD Waterhouse seem to have it though..
Do the different brokers use different clearing systems? I would have thought it was all pretty standard / generic nowadays?
Cheers,
crude.
QUOTE (crudeFool @ Nov 12 2009, 03:25 PM)
Selftrade say I can't trade on GDXJ as it's not on CREST
TD Waterhouse seem to have it though..
Do the different brokers use different clearing systems? I would have thought it was all pretty standard / generic nowadays?
Cheers,
crude.
TD Waterhouse seem to have it though..
Do the different brokers use different clearing systems? I would have thought it was all pretty standard / generic nowadays?
Cheers,
crude.
It can be a pain trading CAD stocks (and even some US exchanges) via UK brokers. No worries like that with IB - but it's a beast to get used to and, from my own experience as a newbie, it's quite easy to make expensive cockups... It's meant for pro's.
Think TD Waterhouse are prob next best option - but can only do CAD trades by phone(?), charges higher(?) and bad reports from some on here.
QUOTE (crudeFool @ Nov 12 2009, 03:25 PM)
Selftrade say I can't trade on GDXJ as it's not on CREST
TD Waterhouse seem to have it though..
Do the different brokers use different clearing systems? I would have thought it was all pretty standard / generic nowadays?
Cheers,
crude.
TD Waterhouse seem to have it though..
Do the different brokers use different clearing systems? I would have thought it was all pretty standard / generic nowadays?
Cheers,
crude.
I spoke with selftrade today about this, they have told me that they can see it on the NY system, they expect it to be picked up by crest soon.
QUOTE (FWIW @ Nov 12 2009, 04:04 PM)
Thanks for that link - it is the first time I have come across that blog - but I find myself agreeing with it 100%.
I concur. The writer is very articulate and has good insight.
QUOTE (Mr P @ Nov 12 2009, 03:37 PM)
It can be a pain trading CAD stocks (and even some US exchanges) via UK brokers. No worries like that with IB - but it's a beast to get used to and, from my own experience as a newbie, it's quite easy to make expensive cockups... It's meant for pro's.
Think TD Waterhouse are prob next best option - but can only do CAD trades by phone(?), charges higher(?) and bad reports from some on here.
Think TD Waterhouse are prob next best option - but can only do CAD trades by phone(?), charges higher(?) and bad reports from some on here.
I do CAD TSE trades within my ISA on the phone with selftrade in the UK, their spreads are high though. Have a TD account too, which enables you to keep currency in CAD dollars and deal online for TSE & TSX. The currency conversion fees are high, but if you sell you can keep in CAD dollars for your next purchase.
QUOTE (Pixel8r @ Nov 12 2009, 11:18 PM)
I spoke with selftrade today about this, they have told me that they can see it on the NY system, they expect it to be picked up by crest soon.
GDXJ is now live on selftrade and can be bought within as ISA via the phone.
Van Eck's New Junior Gold Miner ETF: A Preliminary Analysis
QUOTE
Unfortunately, the “small print” in the prospectus also gives potential investors in this fund a good reason for worry: the intention of the fund to invest in “derivative” investments. This category of investments is described as “swaps, options, warrants, futures contracts, and currency forwards.” The prospectus warns that investments in these instruments could result in losses exceeding 100% of the amount invested.
It gets worse. The fund intends to have at least 80% of its capital invested in the core assets around which the fund is based. However, this does not mean it will have at least 80% of those dollars invested in the shares of these companies. The company stated that these “derivatives” would be considered part of the core assets of this fund (meaning part of that 80% core). This means that theoretically the fund could hold 0% mining shares, and all derivative instruments.
Obviously, that is an extremely unlikely scenario. The point, however is that there is no possible excuse for deviating into these especially risky assets. In a recent dialogue with readers, I pointed out that one of the exploration “juniors” I'm currently holding has already registered more than a 20-fold gain in its share price off of last fall's lows (i.e. a return in excess of 2000% in one year).
Apparently, the people managing this fund don't think that they can achieve a high enough return through investing in mining equities alone. This certainly suggests that this fund lacks the expertise to identify the best growth “stories,” and so wants to be able to attempt to “juice” returns through the same, Wall Street, Ponzi-like investments which have caused most of the problems in financial markets.
It gets worse. The fund intends to have at least 80% of its capital invested in the core assets around which the fund is based. However, this does not mean it will have at least 80% of those dollars invested in the shares of these companies. The company stated that these “derivatives” would be considered part of the core assets of this fund (meaning part of that 80% core). This means that theoretically the fund could hold 0% mining shares, and all derivative instruments.
Obviously, that is an extremely unlikely scenario. The point, however is that there is no possible excuse for deviating into these especially risky assets. In a recent dialogue with readers, I pointed out that one of the exploration “juniors” I'm currently holding has already registered more than a 20-fold gain in its share price off of last fall's lows (i.e. a return in excess of 2000% in one year).
Apparently, the people managing this fund don't think that they can achieve a high enough return through investing in mining equities alone. This certainly suggests that this fund lacks the expertise to identify the best growth “stories,” and so wants to be able to attempt to “juice” returns through the same, Wall Street, Ponzi-like investments which have caused most of the problems in financial markets.
Sounds like a classic "bait and switch" to me.
Thanks for posting Pixel8r.
Thanks for posting Pixel8r.
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