I personally try not to sell any winners. Instead, I try to make my purchases very slowly and carefully. It’s tough because all these other bubble stocks (tech, crypto, non miner rare earths) rise and fall every two days. Blink and you miss your chance. But, silver and gold stocks (especially the juniors) are slow and healthy growers. Over six months, they double without you even noticing. So there is no need to purchase all your shares within a week. A mine with well researched massive upside and present limitations, like Guanajuato silver and Denarius, will dip many times within the next 6 months. Slow and steady buying will make you big profits 🙏
Thanx...I bought over 2 years, so all is good..many 3-4-5 X and only 1 killer...victoria gold dam failure...learned that heap leaching ia Risky.. (( - doubled down..and lost..
1 big surprise was Northern Dynasty in Alaska - side bet ... + 420 % ))
On Newmont, Don is saying it has a FCF multiple of 9x. Finviz has it at 16. If I go to Yahoo Finance, the TTM show $6.1 billion, the last quarter at $1.571 billion, or about $6.4 billion annualized. At a market cap of $98 billion, having a hard time seeing where it's a 9X multiple. Likely, I'm missing something.
Thanks Don. I really feel terrible for the crypto traders (but for the grace of God go I). Even though crypto keeps going up, it’s a totally different kind of curve. Silver and gold show all the healthy signs of rational growth. They reach an all time high, retreat a little, and come back higher. We don’t sell because we know that these metals have become irreplaceable tools for BRICS nations, institutions, tech industries etc. Someday this boom will end, but we have no reason to think that end is soon. Because crypto’s only use is for tax evasion and crime, the commodity is mostly speculative. The majority of non criminal investors have to sell when the price drops hard because there’s no rational reason that the price won’t keep falling. But, big industries buy the dip and the price skyrockets back. By the time the little guy gets back in, the price is ready to consolidate or fall again. Bitcoin can go to a million and still most investors will have lost money. Meanwhile, cheap gold/silver miners have quadrupled this run, where bitcoin miners and etfs either became too expensive or have actually dropped significantly from last November (Canaan for instance). Even with all the precious metal shorting, the winning choice is clear.
I find it hard to time the zig zags as I have to sell..some miner X...wait and then buy or buy back..
In the mean time it will make a Tax event, that needs to be put aside..= less capital to deploy....
and tax loss selling...hard when you don´t have any..LOOSERS....)))
I personally try not to sell any winners. Instead, I try to make my purchases very slowly and carefully. It’s tough because all these other bubble stocks (tech, crypto, non miner rare earths) rise and fall every two days. Blink and you miss your chance. But, silver and gold stocks (especially the juniors) are slow and healthy growers. Over six months, they double without you even noticing. So there is no need to purchase all your shares within a week. A mine with well researched massive upside and present limitations, like Guanajuato silver and Denarius, will dip many times within the next 6 months. Slow and steady buying will make you big profits 🙏
Thanx...I bought over 2 years, so all is good..many 3-4-5 X and only 1 killer...victoria gold dam failure...learned that heap leaching ia Risky.. (( - doubled down..and lost..
1 big surprise was Northern Dynasty in Alaska - side bet ... + 420 % ))
cheers
On Newmont, Don is saying it has a FCF multiple of 9x. Finviz has it at 16. If I go to Yahoo Finance, the TTM show $6.1 billion, the last quarter at $1.571 billion, or about $6.4 billion annualized. At a market cap of $98 billion, having a hard time seeing where it's a 9X multiple. Likely, I'm missing something.
Thanks Don. I really feel terrible for the crypto traders (but for the grace of God go I). Even though crypto keeps going up, it’s a totally different kind of curve. Silver and gold show all the healthy signs of rational growth. They reach an all time high, retreat a little, and come back higher. We don’t sell because we know that these metals have become irreplaceable tools for BRICS nations, institutions, tech industries etc. Someday this boom will end, but we have no reason to think that end is soon. Because crypto’s only use is for tax evasion and crime, the commodity is mostly speculative. The majority of non criminal investors have to sell when the price drops hard because there’s no rational reason that the price won’t keep falling. But, big industries buy the dip and the price skyrockets back. By the time the little guy gets back in, the price is ready to consolidate or fall again. Bitcoin can go to a million and still most investors will have lost money. Meanwhile, cheap gold/silver miners have quadrupled this run, where bitcoin miners and etfs either became too expensive or have actually dropped significantly from last November (Canaan for instance). Even with all the precious metal shorting, the winning choice is clear.