From Gold Report-EastmainRW is Trader Tracks Editor Roger Wiegand
TGR: Which of the precious metals companies do you like? Any juniors in there?
RW: We have 19 recommended shares trades open in Trader Tracks. We’re looking at Endeavour Silver Corp. (TSX: T.EDR, Stock Forum). We have Eastmain Resources Inc. (TSX: T.ER, Stock Forum), San Gold Corporation (TSX.V:SGR, Stock Forum), Clifton Star Resources Inc. (TSX.V:CFO, Stock Forum), and Canplats Resources Corp. (TSX.V:CPQ, Stock Forum). Those are current and newer recommendations. We like to trade GLD and SLV as if we are trading pure gold and silver metal, but within the shares venue. There are other trading opportunities.
The problem with juniors is they’re easy to buy and difficult to exit. If you try to sell a junior after it’s peaked and is moving on the ABC correction selling side, where is your buyer? You can put in a price or say, “Sell the market,” and might get a bad fill. You could give back half or most of the profit that you just earned. To exit juniors you must sell them into buying strength.