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Yes MKumar - it does take some logging especially from a charting point of view but generally the charts are similar and follow Gold and Silver. They're not all winners at the moment but when the US elections are all done and dusted I think precious metals will be one of the few sectors that will be positive into year end and 2021. I use HL and IG. Apache - haven't come across Maple Gold mines but will take a look, thanks
SPP so cheap now imo next week will be very interesting
hello mate, do you know Maple Gold mines? Agnico is their partner too...
Eldorado
I am amazed at your collection of miners. I am sure you have an excel sheet to monitor them.
Hats off to your enthusiasm and knowledge to choose the right ones. Good to have you on board here for way forward suggestions . Do you deal thro IG broker or interactive as HL is not friendly one with international shares (high charges and some are not available)
Expru thxs - yes i am thr too
cheers
MK
Thanks expru2000, I'll take a look
Eldorado - what about Thor - It's got 13km of Gold for free and the share price has been doing well recently. Fell back a bit in the last few days, but who's hasn't??? : )
I'm in here and THR
Thanks MKumar - most of my shares are on the US/Canadian/Australian markets. Here goes - Agnico Eagle, Anglo Gold, Barrick, B2Gold, Calibre Mining, Centamin, Couer Mining, DRD Gold, Endeavour Silver, First Majestic, Franco Nevada, Hecla, Hochschild, Impact Silver, Kinross, Kirkland Lakes, Liberty Gold, Lion One, MAG Silver, Medusa, New Gold, Newcrest, Newmont, Northern Star, Novo Resources, Pan American, Polymetal, Sandstorm Gold, Silvercorp, Silvercrest, SSR Mining, Sylvania Platinum, Tanzanian Gold and Wheaton! Call me a Gold/Silver bug!
Eldorado ,yes agree with the strategy . I try to do it when it seems appropriate .Took a few out around 40 p now wishing I had taken a few more out but you cant always get it spot on but most of my buys were around 4 p so pretty happy still .chance to increase if it falls back further .
Gla .
MKumar - I'm also in Thor. They have projects in Australia and USA which look good : )
Eldorado Nice posts.
By hindsight it is good to sell and take original capital out and have a free ride. But i suppose it is experience too and not being too attached to a particular share and willing fore-go if it does not drop - if i am right.
Good to have your OMI regular chart insight here. What other precious metal shares do you invest in?
cheers
Mk
Yes Tymers - short term anything can happen but I've got plenty of dry powder should the price fall. The strategy of taking out my original capital, keeping the profit fully invested and reinvesting tranches of my original capital again on drops in the price has worked well for me so far and definitely works in trading Gold and Silver. Not for everyone but slowly increasing my holdings in all precious metals shares. If there are no further drops I'm still happy
So you see further drops but still buying? Strange sit back and if holding 3 months if buying a day or two.
Well, just as I thought we would head towards the late 30’s in a rising channel, it falls! Psychologically, shares have a knack of testing greed and fear. On the plus side, I had a another nibble at 28p at initial support and will take another nibble if it goes to the fib retracement level (50%) of 25p/26p and a larger greedy bite if we see a retracement (61.8%) to 20/21p. Whilst I appreciate there are a lot of long term holders here (and I am one of them), this is the benefit of taking profit at various levels and having ammunition available when the price dips.
Macro wise – the US elections are sending all shares into a tailspin, so it’s not just limited to Orosur or mining stocks. Gold and Silver are falling, and many commentators see strong support at $1780 - $1820 for Gold, so potentially another 5% lower from here. Orosur could easily see an equivalent fall but I’m not twitchy. I have a smorgasbord of mining stocks that are looking more and more attractive by the day. With Orosur’s fundamentals and the outlook for precious metals very bright with stimulus guaranteed in the US, regardless of who wins, no one should feel too despondent about the fall today.