Reply to BGraham2BGraham2 wrote:
Thanks for the advice - do you have any recommendations in the gold junior space?
I personally wouldn't recommend ANYONE invest in the junior spec space rgiht now, for many obvious & pertinent reasons. Unless you have a vast, diverse portfolio including MANY years of experience and are very familiar with this sector. As for reasons not investing in the juniors, For one, the gold price & environment isn't right or conducive for that highly speculative portion of the sector to do much of anything.....just yet. Two, it wouldn't be my first choice for almost any investor unless you already have exposure to the majors or at least the mid iters like Yamana. If the well financed & stable big boys are currently struggling, you can just imagine what the chaotic, high spec space is going through. There are literally hundreds and 95% of them won't make it.
So unless you've understood the points i've made above and you fall into that situation, i would completely avoid that space for now. If on the other hand you have money to throw away, your fully aware of ALL the risks by WILLING to risk it AND you're absolutely adamant to invest in that part of the precious metals sector, then pick up a dart and throw it to see where it lands. And hope you are VERY VERY lucky person.
I do have a large basket of companies i do follow in this sector, but to give you a "viable" recommendation right now with the way things are in the precious metals market would be more or less a death sentence for your funds and odds are you will probably lose. So not the time right now unless gold makes a substantial & sustained move upwards over $2k. It's only at that time you wil start to see the winners seperate themselves from the losers or laggards.
I hope this helps you
GLTA