GREY:NMKEF - Post by User
Comment by
Calgary_ABon Mar 11, 2020 7:54pm
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Post# 30796308
RE:RE:RE:RE:RE:RE:RE:Market Rebound
RE:RE:RE:RE:RE:RE:RE:Market Rebound I personally don't trust the etf's...
5 to 10% of physical gold would be for insurance...
Miners can be played just like any other commodity...
Miners always go up after Gold price went up...they need to mine it sell it and show profits first...but when they do go up they go up higher % than gold price...
so if you want safety you buy physical, you want to make money buy miners.
Ciseaux wrote: It is often advised to own between 5% and 10% gold in a portfolio. Bullion might be better than owning the gold miners. CGL stock (ETF) does the job.
I'm not sure Charlene that we have hit the bottom. I have started buying stocks (about 20-25% of the cash I have on hand) on companies that are now 15-20% off (earnings will be off too...), but I would not be surprised to see another 10 or 15% down. Seeing how the coronavirus spread in China and Italy, maybe if a celebrity in the US catches it that would increase the narrative. Then, it would be a good time to buy. For NMX, this is not good news. Albermarle and SQM are down about 25%. I'm not sure this will be over by mid-April when the bids will be received for Nemaska.