I'd like to start a list of miners to hold for the entire bull market. Large cap or small. Please add any that you would hold, without frantically buying/selling. I like producers, but I also really like what Eric_O calls "emergers" - companies on the edge of cash flowing or who have JUST started cash flowing.
I follow Mike Maloney's concept of long term trends and his method of excluding short term noise is appealing. I want miners I can buy and put away for the remainder of the bull market.. just like we all stack the phys.
Here are my top 3 miners (no particular order).
First Majestic (AG).
Golden Band (GBRIF).
US Silver Corp (USSIF).
In short I'm looking for miners (gold or silver) to put away and forget because you can trust the company and the management. What companies would you recommend and why ?
Nice idea for a thread. I'll be checking in.
Those first two are among my largest holdings.
In fact just by seeing your post here about Golden Band....I went and bought some. 28 cents seems an ok price to start with.
Buy and hold favorites for the bull run.
EGO Eldorado Gold
AG First Majestic
SLW Silver Wheaton
FSM Fortuna Silver
PSLV and PHYS
I'm gonna end up listing all my miners...so I'll just add a few juniors I hope can make it
The Yukon juniors (Atac,Kaminak,give the dog a bone)
African juniors (Avion,Guyana goldfields,Sand spring,Xtra gold)
mexican silver miners (Scorpio mining, Cream ??)
long shot china silver mine Minco silver (only because I own way too much )
I would suggest Pinetree Capital to get wide exposure to the developers/micro producers. Pinetree owns over 300 investments, most of them in the PM space as well as some uranium stocks and a smattering of others. It is currently trading at approx. 50%ish of its book value.
It trades on the pinksheets here in the US - PNPFF. Their website is www.pinetreecapital.com
Instead of trying to individually pick the "lottery tickets" let Pinetree do it for you.
good idea on a thread! I have been slowly drifting towards this on my one account anyways, it holds SLW, SVM, and GPL.
I keep MEANING to trade them but, i also feel just holding is better. Tho maybe not for GPL.... bastards are sinking :(