A Good Entry Point, Today!I figure that with recessionary winds heading our way, shareholders have decided to sell out of many positions and just sit in cash or buy into the bond market.
I like to take reasonable risks. I don't like, just sitting in cash. Today, I bought IMG!
As a person who just made a few bucks in a junior explorer, I want to take another reasonable gamble with IamGold.
Times are tough! It's time to move away from the junior exploration sector. A real miner's shares are more liquid and always remain, the safer bet to make!
And with IamGold now trading at a relatively low valuation, it was time to take the plunge!
The Cote gold project is a no brainer and it's nearly completed. Due your own due dilligence!
https://www.iamgold.com/English/operations/cote-gold-project-ontario/default.aspx What better time is there to invest in a gold company than when a new mine is about to come on stream, perhaps in less than a year from now?
Recessionary times for many, are fearful. But one must always keep a cooler head!
Traditionally, during times of uncertainty, gold acts a very good hedge!
As well, after the recessionary period nears its end, in the commodity sector, the gold market is usually, the first one, out of the block!
But even better, if a gold company is headed in the right direction as a profitable operation, then it is always, the best investment to make.
The best time to buy any investment is to get in early, and not when the share price is already moving, sharply higher!
Not all miners make any money.
But IamGold has good plans in place, to make, a heck of a lot!
I really like their story!
All the best! Java