RE: RE: RE: RE: RE: last hour push?? 3.74 intraday"As the gold price blows past $3,000 / oz and silver past $64 / oz cute is not good enough, we want Ka'boom ! ! ! ! ! ! "
If precious metals prices do reach those levels then the rocket rides probably won't be the juniors like Sabina that the investor community has already come to realize are high caliber juniors rather than dumpster diver companies, and has priced accordingly.
It will more likely be the remaining companies that have currently borderline economic deposits at dirt cheap price per ounce that are liable to be the rocket rides. Unfortunately I don't have very many that I am confident enough in to own. I have one in gold, Rolling Rock Resources, and one in silver, Genco Resources.
I wish I had more of those. I figure put 1% of your assets in each of 3 or 4 of that type of stock and you have a nice hyperinflation hedge. But I only have 2 of those I feel comfortable with, RRL and GGC. No doubt there are tons more out there that I just don't know enough about. I liked Golden Goose as a dumpster diver play for a while but got lukewarm on it and sold. The other day they got a buyout by Kodiak, a company that found some nice drilling intercepts a few years ago and then has been rolling craps ever since. I guess Kodiak finally decided to just buy a frigging gold deposit. That might actually still be a decent dumpster diver stock even though they are up since the buyout announcement.