I have a slightly overweight position in Franco Nevada, a half position in each of Agnico Eagle and Klondex, less than a half position in Silver Wheaton and bullion holdings including CEF.A.
I am trying to clean up a bit and am considering selling SLW and adding the proceeds to CEF.A, and selling KDX and adding the proceeds to AEM. I would be left with FNV, AEM and bullion as a result.
This would allow me to increase my weighting in bullion and reduce my weighting in bullion equities and move to full positions (or so) in the remaining holdings.
Q: I have very little gold or silver or other precious metals stocks. Silver Wheaton seems a bit beat up. As I know you are good with a small amount of such holdings in a larger portfolio , would SLW be a good choice in your view? Or would you prefer AEM or some other stock at the moment? Thank you!
Q: My only precious metal exposure is Silver Wheaton. With the big recovery this year, it's now at 5% of my portfolio. Would you recommend continuing to hold, selling part or all, diversifying into another precious metal holding and if so, your thoughts on timing ? As always, thank you for your valued advice.
Q: Hi guys as always thank you for all you do for us. I am putting together a Gold Silver portfolio 5 or 6 positions max cash in $50K.1Streaming firm if 5 and 2 if I go 6 positions for a minimum 36 months maybe 48 months. Gold firms I'm considering AEM,DGC RIC,RGL, AR. Timing is not great. I can go in over next couple of months or do I go whole hog on a pull back day or two? Any further recommendations?
Thanks
David
Q: Good Morning Peter, Ryan, and Team,
I manage an income oriented account which pretty much mirrors your Income Portfolio except for several higher growth, high conviction names from the Balanced Portfolio. This account still has SLW from when Silver Wheaton was part of the Income Portfolio. I would like to continue to have some precious metals exposure in this income oriented account. Is SLW still a good holding or should I switch into another precious metals name ??
Thank you for your help. DL
Q: Hello Peter,
Do you feel it is too late to buy silver stocks as the run up has been quite good? I am looking at the following: silver wheaton , first majestic, ishares silver trust (SLV) or central fund of canada (cef.A) which gives mixture of silver and gold? Also, do you feel gold standard ventures is a stock that can be held for few years with a hope of increased capital appreciation or possible take over. Thank you.
Q: I have had some success using a covered call strategy with Silver Wheaton, which has high option premiums, and good liquidity.
Can you suggest four other Canadian stocks with similar characteristics?
Q: Further to your recommendation to Douglas, what do you think about the outstanding tax issue with SLW? It accounts for much of the stock's lag in the recent run up in precious metals. Do you think the risk (over 100B$) is already discounted in the stock price? Thanks Henry
Q: What do you suggest doing with SLW? I am overweighted in it and it is down 50% from what I paid and still dropping daily. I am aware of the tax issue. I keep thinking I will sell it when it goes up some, but it doesnt seem to go up! I dont need the cash now, but I hate to see it tanking daily! Thanks for your response.
Q: Hello 5i!
I have a full position in SLW. Do you still consider SLW one of the better names to hold in the precious metals space? Please suggest a few other names as well. I am a long term investor, well diversified portfolio, and can handle risk.
Thanks!