Petro Rio S.A. HRTPF

Nice little attempt at a breakout

[robnhood]

today but failed and got knocked back down on Bovespa

 Bovespa down over 2000 points today and most all commodities and commodity stocks crushed. NO WAY OUT---

[nomomoney24]

"commodities stocks crushed" An i love it bought a pile of Barrick just over $20.00 today not sure if it's bottom but should be close an will add again if opportunity arises. Time to buy beat up larger companies an just sit back.

[Oiljars51]

ABX was a good buy today Nomo. Congrats. Freeport-McMoran is looking good also,

[Ogopogo007]

Nomocatching falling knives?>

[nomomoney24]

"nomocatching falling knives" Yep !!  Barrick at $20.00 is money in the bank, i hope it even goes lower so i can double dip. Looking to buy some other big boys that pay a dividend that are beat down, any ideas are appreciated. Watching Goldcorp an Freeport at the moment. It's like 1999 all over again.

[Oiljars51]

SDRL @ 34.91 yields 9.97%

[gusgold]

Look at GGN at 13.5%..holds gold and oil stocks..uses option strategy to generate income

[nomomoney24]

Thanks guys Just to a glance at GGN 13.5% WOW will do some serious DD on this one.

[VanWilder1]

OT: IAMGOLD, cheap, tons of Cash, NioBec mine worth $900M.... 4%+ DIvy

[OilGold1]

BNN yesterday ... wait for Sprott Inc to level off to enter. If you're getting in now look for low "cash cost per ounce" as a guide - Yamana was an example. Beware the juniors, many, if not most, will be gone if gold reaches $1200/ounce.

[nomomoney24]

Been looking at Yamana will likely start a position today. I agree I'm staying clear of the juniors lots of up side with the big boys for the patient investor.

[gusgold]

ABX now $18.67 and lower than  2008-09 financial crisis

[nomomoney24]

$19.05 on Toronto i would love to see $15.00-$16.00

[nomomoney24]

T.MUX now $1.97   great buy but looks like it could go lower, will be a buyer of this one. Golds are getting so cheap makes me think were all nut holding HRT when you can get huge SAFE return on some of these golds.

[OilGold1]

" Nuts" lol .... btw, don't forget Goldcorp if you are looking at the majors. Larry Berman suggests caution and figures we may see another "leg down in the next few weeks" once retailers access the damage. 

[nomomoney24]

OilGold - Last time Barrick was trading at $19.00 gold was 250oz.

[OilGold1]

nomo, please don't take my mentionings as a suggestion to buy gold, they are only suggestions when comparison shopping. I wouldn't touch gold at this point whether it be GLD, bullion, or the miners.  

[Ogopogo007]

@ $20 and lower