Im happy for tnx''s but....I have been slamming many of those other stocks for years.Of course i was right!People hate the fact i was right.I know people in the industry who used to own mines.When they told me mot pm stocks were junk and the money was made shorting,like you i was in denial.Nevsun and golden star for instance were orchestrated shorts.
Nevsun - Eritrea is run by a hopelessly corrupt gov't."I'm going to load up on this one at 4 bucks" Grandich.
Golden star - we lost all the gold again.
Queenstake - another failed merger at investors cost."Should be safe in the mid 60's" Embry
Minco -same price as when Embry made it is number one pick years ago.
Mundoro - below the price all the pros said buy at.
Wdo- well below the price Embry said buy.
Genco - should do well
tvi - pure junk play hasnt moved in years.
Let's not forget as inflation raged most gold stocks either went down or sideways.Meaning you lost money.We are now entering a corrective pahse from a rally that never happened.After that there will be a huge sell off in May followed by a summer lull and then another dip in October.
I have watched Jim be continually wrong on his calls,even saying 2006 belonged to gold shares.All im saying is do the opposite of what the analysts say.Sell 2/3 rds into all rallies.2007 and 2008 do not belong to gold shares and their will be no new money coming into the sector as few people are interested in the astounding losses gold stocks bring as gold rises.
Dont get me wrong,i think Jim has done an excellent job with tnx but i wouldn't hold a basket of gold stocks as the one that goes up won't offset the losses in the others.Also if you don't know when to get out these suckers..well tough luck.Im not anti gold,i just think newbies with mortagages,wives,children debts etc should be very careful and buy physical.
I have been to the gold conferences and read all i could.I now frankly don't trust any of them and susepct the gold analysts(most) are trying to screw up the market and in fact work in concert with the gold cartel.
If you bought and held most of those pm stocks since 2003,you lost money as gold rose.Im glad Jim isn't part of the pump,short and dump gang.But alas the second wave is downwards,no one is listening anymore and gold bugs wont put new money in anymore.Even brother has sold all his positions and is in no hurry to return.So where will this second wave come from?As far as i am concerned,no one is fooled anymore.The up coming weeks will prove me right again.Of course they will hate me for that,but it is only because im right and exposing the sector for the scam it is.They have done irreperable damage to the sector and it will take years to fix.2009 is most likely when this so called second wave will hit.About 6 years after they predicted it.
Embry -minco,mundoro,westdome,golden star,queenstake all down
Grandich - nevsun on buyout rumours he started way down
Van eden - radius down
If they cant pick em,what says anyone else can?Buy physical.