TSX:LSG.DB - Post by User
Post by
mb530on Aug 12, 2013 11:05pm
482 Views
Post# 21665525
Gold, silver shine as shorts cover
Gold, silver shine as shorts cover
I've been waiting for this turn for weeks. My original call for gold and silver in late July was a little too early. Now, it seems like everyone else is awakening to the potential in this area. I'm adding exposure back to my Edge Letter Sample Portfolio via a selection of mining stocks consisting of Helca Mining (HL +5.76%), Golden Star Resources (GSS +30.62%), Silver Standard (SSRI +10.20%), and Lake Shore Gold (LSG +22.78%).
As for the metals themselves, I'm adding the high-risk VelocityShares 3x Long Silver (USLV +12.82%). For more conservative investors, the unleveraged iShares Silver (SLV +4.35%) or the 2x ProShares Ultra Silver (AGQ +8.71%) would be more appropriate.
Disclosure: Anthony has recommended USLV to his clients.