RE: RE: Peter Schiff very bullish on goldI'm looking forward to the 2nd quarter because several investors that I follow have said they want to get in the penny mining stocks and juniors at this time. Maybe we can see some moves in commodities at this time, also! 2010 is going to be HOT for commodities. Of course , humbling myself, my advice might be considered amateur by some, I am still a young investor. Perhaps I'm too confident? Although I was also confident when I was buying the major banks like Citigroup, Wells Fargo, Bank of America last February amid mass panic. It paid off well, although I should have held longer (I sold in April.)
I believe we need to see the price of gold and silver pick up quite a bit. It's been a while since we've seen some exciting moves in metals. Remember most juniors are quite under priced compared to the spot value of precious metals. I heard an estimate a few months ago by the old CEO of (Kinross I believe, but it could have been another major) that most juniors are priced at about 900$ gold.
When interest rates are at 0% (or negative with massive inflation, IE monopoly money fed) gold can go up an average of 30% a year. This is very reassuring to me because I'm an American investor, from Texas. Gold is in a multi-year BULL market and the dollar is in a BEAR market. Has something happened that would change this pattern? Or has massive money printing from the world's governments continued to devalue national currency? I'll let you decide that one.
Wait until 1300 gold, then see how our RPM is doing :)
If you are thinking about selling RPM because it's not making any moves, consider the advice of Warren Buffett. He said that if a company is not moving or even if it has significantly DROPPED in price, go back and check the fundamentals (and the reasons why you bought the company.) Has something changed? Have insiders been mass selling? If not, Warren says the company is a hold or a buy. Don't worry, eventually investors will see this company for the great value that it truly is!
Let me explain... If you bought a beach home property for $80,000 , and live in it for a few years... Suddenly, the price of the neighborhood drops by half! The homes along the beach now sell for $40,000 . However, it's still a nice neighborhood and there have even been a few improvements such as a playground. You wouldn't sell and move away, would you?
I sure wouldn't... I'd probably by the land next door!
Maybe management should hire a company to help promote their company and stock. This could make it more visible and it wouldn't fly under so many investor's radar. I'm not too sure how often companies do this, but I know one of my companies PEM has done it and they have been performing quite well. I believe they pay $5000 a month for this service. Perhaps a shareholder should call them up and tell them to get with the program.
Insider ownership... Institutional ownership, even if it's options or warrants... Excellent drilling program. I love this stock and I am looking forward to going LONG on it. It even has a pretty uptrend!
One thing I hope is that this stock will have a sell-off and I can pick it up at a cheaper price. Good luck to all you LONG's out there, and I do believe we will be rewarded very well. 2010 will be a year of commodities. Gold and silver are going to be beautiful.