All gold related issues are basically no bid. To me, this is a time to go shopping. I have held off and I dont have much exposure the sector. I do not know how to start and what to look at.
I would think a manager would add value to a sector mandate? Is this the case? I am thinking of RBC precious metals.
Alternatively, I would go for an ETF such as ZJG-to or GDX.
My other thoughts would be to look at some stream companies. FNV or SSL. Even SLW would do. This would be a more conservative way to play the sector. I do feel the real value is in the miners (kinross is down 80%!). Usually you see that when they is an accounting issue or bankruptacy in the near term. I am somewhat analysis paralasis`at the moment.
Q: Hi, my question is regarding Colossus Minerals (CSI-T). the company released some not so good news this morning.can you please comment. what do you suggest an investor do ? thanx norm
Q: Goldcorp (G)traded over 33 million shares on July 11/13. Can you shed any light on who were the major Buyers and Sellers. Does this signal a buying opportunity as this large trading activity took place on a price uptick.
Q: Good evening, Peter.
May I have your thoughts on Mandalay Resources' (MND)report of Q2 production and sales? Are the numbers significant?"
Thanks,
Ed
I have a link below to a King World News interview with William Kaye. I was curious about your take on his comments on the physical gold market, if you have a take.
Q: Hi Peter.
I currently own SAS, St Andrews Goldfields which is down arond 40% as the overall gold stock group. If i am correct ,seems like there average production cost is 1316$ per ounce, which would be almost double the industry average of 700$.on the other hand ,they have uncerverred high graeds and plan to expand to 125,000 in 2014. What is your outlokk on SAS and would it be a long term HOLD/
Thank you and have a good day.
Q: Hi 5i team
Any thoughts on Horizon's SilverYLD - HZY - Last at $5.05 with a 9% yield paid monthly. With the potential rebound in silver over the next couple of years, would you recommend a position?
GUY
Q: Hi Peter, Mandalay Resources (MND) has been weak. Realised its not company specefic. Do you still like the company and would you still recommned it? Thanks,
Q: Hi since the last time Rainy River (RR) was asked, I would like your opinion of how I should choose in being bought out. I bought it @ $10.78 and is being bought out @ $3.83 cash (~65% loss) or to receive 0.5 of a common share of New Gold. I actually do have New Gold and bought it @ $3.21 a long time ago = a huge gain. What would you do in this case scenario? Can the cash offer in this case be claimed as a tax loss? Or should I take option 2 and add more shares to NGD? I believe NGD is a great company still b/c it was like a merger of 3 great companies back in the old days and was talked about when I started listening to BNN! I don't think these types of questions have ever been asked and welcome your knowledge. Thanks.
Q: Hi, regarding CEF.A, recently the share price has been 5% below NAV. I recall several months ago it was pretty much at NAV. For a fund like this that basically tracks the price of gold/silver (in theory), is my thinking correct that it may be better to purchase the fund than actually purchasing the bullion? This also avoids transaction costs and delivery charges. The fund seems to be audited; do you see this as a prudent strategy when the fund is trading below NAV based on market fear?
Q: Good Morning Peter and Team,
With gold and silver prices steadily falling I have been looking at the big streaming companies (Franco Nevada- FNV-T and Silver Wheaton- SLW-T). In the shorter term they will suffer from low selling prices but on the flip side they are likely to see wonderful opportunities in this environment to negotiate advantageous streaming deals with financially stressed producers. I would appreciate your opinion of this line of thinking. Thank you. DL
Q: I hold ABX (US Account), G, YRI, XGD plus some bullion (combined <5% of portfolio). Though underwater on all to varying degrees, I am in no panic to sell and will add to some positions over time. Do you see any value in selling the XGD or ABX which have the biggest losses and moving the money into YRI or G? To which of these choices would you be most inclined to add? Thanks for a great service.