Never too late to get Quality When to Buy Juniors?
Obviously, the best time to buy junior gold stocks is when nobody else wants them…but there’s more to it than that.
Start by asking yourself what kind of speculator you are. Then pinpoint the market trends you truly believe in.
These may seem like abstract ideas, but they are absolutely essential.
Consider…
If you are cautious by nature, but you believe that gold will rise over the coming years, then focusing on profitable producers is your sweet spot.
If you’re keen to maximize gains and willing to take higher risks, early-stage gold explorers are the way to go.
If you’re somewhere in between, like most people, advanced explorers moving known discoveries towards production offer high returns with reasonable risk.
If you think silver has more upside than gold, replace “gold” with “silver” in the checklist above.
Even the largest and most stable mining companies in the world are more volatile than most investors are used to. The underlying commodities themselves are so variable that standard securities analysis just doesn’t apply.
You need to understand why you place the bets you do. If the stock drops despite the company delivering the goods, you need to be so sure of your premise that you don’t panic and sell (at exactly the wrong time).
This level of discipline is only possible if you are certain in your reasoning and your picks are sound. Even then, it’s hard. If it were easy, everyone would do it and there’d be no profit in it. That’s why you have to start with a little soul-searching.
Clarity brings confidence. Confidence enables discipline. Discipline is essential for success as a speculator.
Excerpts Casey Dispatch monday edition check out whole article very good news for SH.