Post by
fishcarrier on Dec 20, 2020 10:22am
Increasing weight.
Yes, I think I will increase my weight in gold holdings next week. For starters I'm a little worried about equities being priced pretty steep at this stage of the game. There could be a retrenchment anytime soon. Gold shows a lot of promise. By Monday we should have a deal in the US for more stimulus, and that may help as well. But there will be much more stimulus to come after Jan. 21 I suspect.
I like Kinross partly because it produces a million ounces of silver per quarter. From what I've read, silver should shoot up even faster than gold, so that should help K. Analysis on my TSX platform shows K to rise an average of 67% over a year. I could live with that if it reached half of that. .