I dont track SkarciaBut i met him years ago at the Vancouver gold conference.Right now im loading up on Victoria resources up about 50 percent in the last 3 days..pulled back a bit.The thing i like about it,no analyst coverage.
I assume people buy physical for insurance/protection.I think there will be a stock market crash in may..thus buy physical.Too many think gold stocks are the same as gold.Golden star,nevsun,vanessa,tvi,queenstake,mundoro,minco etc all proved that theory wrong.Mind you most of those are Embry picks.The guy has an absoultely terrible record,makes me wonder.
who does Skarcia like?Anyway anyone can pick 20 stocks and brag about the one or two that did well.Most will buy a basket and the losses in the losers will offset any gains.With taxes,commissions and inflation,they will lose money.The other problem is when to get out and how to avoid dilution.Thus physical.Im very picky these days,after all the second wave has been just around the corner for over 4 years now.
Just my opnion but i think we will see and exhaustion phase as people get fed up.And no im not slamming TNX!