RE:RE:this morningBlackriver, I don’t think you have the big picture on my portfolio so let me explain a bit...
Below is what I own in gold/silver space (largest to smallest holding)
USA, EDR, MTA, SCZ, LMC, ERD, AUG, NHK, GPR and ATC.
GPR and ATC are very small holdings and to begin with my portfolio is quite small compared to most here (I have owned these for a few years but didn’t add to in downturn so I m in a paper loss on these).
i looked to diversify (add) to my existing holding in MTA was due to it being a royalty and streaming company which actually pays a monthly dividend. It will continue to grow and I have done well with royalty companies in last few years so I really like the model. Since my position was getting quite bloated and I wanted to stay in PM I just think MTA will be less volatile but also do really well in a rising price environment. USA has gone up substantially and it will continue to rise so shaving 15% to tuck away into a slightly safer bet (still with potential for material appreciation) made sense. I think it is a sandstorm in making (what sandstorm was in 2010)
Just to be clear GPR is one of my smallest holdings in the space but I do own it.