TWT Posted January 15, 2006 Share Posted January 15, 2006 Hi Dr bubb and all others who may have some suggestions, I missed the gold rise (my bank said, gold not for individual, no prodct... b***, they just did not want me to get some and I did not push), however I have heard silver stayed flat and could be next, any view on that? Is it still time to invest in gold mine companies rather than gold itself as it seems mines valuation is lagging behind gold itself? Many thanks Best TWT Quote Link to comment Share on other sites More sharing options...
ExeC Posted January 17, 2006 Share Posted January 17, 2006 I have raised a huge amount of cash, selling out about 30% of my mining shares. Currently, I am awaiting a pullback in gold and silver, and as it works its way higher, I am continuing to sell. you feel its time to liquidate your gold ? The pull backs dont seem that strong at the moment, it seems theres fresh money going in after ever big sale. Quote Link to comment Share on other sites More sharing options...
Pent Vaer Posted January 17, 2006 Share Posted January 17, 2006 I have raised a huge amount of cash, selling out about 30% of my mining shares. Currently, I am awaiting a pullback in gold and silver, and as it works its way higher, I am continuing to sell. Dr B, do you expect the current enormous upswell in the canadian small cap junior prices to be depressed if gold drops to e.g. $490 in the near future? My own expectation is that the mid caps (AEM etc) may pause or pull back slightly after the recent run up, but the small caps have their own strong momentum now. Then again, I'm a complete amateur which is why I'm asking :-) Pent p.s. SIL up 50% ish, whole portfolio 8% ish in one day yesterday, whoopee Quote Link to comment Share on other sites More sharing options...
bottletop Posted January 17, 2006 Share Posted January 17, 2006 (edited) apart from uraguay minerals I've not been too impressed with my sharepicks overall since I bought in october.... UGY +21% GLA +8% HIF -1% CER -6% Edited January 17, 2006 by bottletop Quote Link to comment Share on other sites More sharing options...
liquid Posted January 20, 2006 Share Posted January 20, 2006 Does anyone here hold shares in Ovoca Gold? http://www.ovocagold.com/ They seem like a good buy and hold for 5 years at the current 8p a share? The CEO was previously at OXUS, not that that in itself should mean much. I haven't the nounce to argue whether it's a good buy, but my limited understanding, so far, says I should invest. I guess I'm asking whether any here agree? Quote Link to comment Share on other sites More sharing options...
Portent Posted January 21, 2006 Share Posted January 21, 2006 What do people feel about copper? I've read a lot recently about shortages and demand in China. Quote Link to comment Share on other sites More sharing options...
Loftus Road Posted January 21, 2006 Share Posted January 21, 2006 I'm a novice at this and despite vowing not to dabble having made some money the first time round I've carried on using some of my savings in the stock market. Anyway I bought some shares in a company called African Copper (ACU) and despite not doing much for a while and even dropping at times I stayed patient and they're now rising. Quote Link to comment Share on other sites More sharing options...
TW11 Posted January 21, 2006 Share Posted January 21, 2006 I'm quite chuffed with my gold shares so far. My original theory was to buy an unhedged mid size producer operating in a safe country. I thought that panicking American investors looking for a safe haven would think the same. Just before the hurricane I bought YAU and have pretty much doubled my money on them. Recently I was looking to top up and decided YAU was looking a bit pricey so I bought UGY - so far they have gone up 20% in a few months so I'm happy with them also. The trouble is valuing a miner. This book helped me: Link I realise that the real upside lies with the juniors but valuing them is even more difficult and I'm not keen on the risk. Remember also that some of these miners are ISAble too. They may be AIM stock, but a lot are dual listed on primary exchanges elsewhere. I just have to resist the urge to trade them - I'm no trader like some on here! Quote Link to comment Share on other sites More sharing options...
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