Loading ...Gold Juniors Fundamentals GDXJ
Adam Hamilton’s report on junior cash costs and cash on hand.
Great report on juniors.
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Gold Juniors Strong in Dark Q4
The definitive benchmark for junior gold stocks, including miners and explorers, is of course the GDXJ Market Vectors Junior Gold Miners ETF. As of the middle of this week, it included a whopping 52 of the world’s best junior gold stocks! In addition to miners and explorers, GDXJ also includes gold-streaming and royalty companies as well as silver miners. GDXJ’s managers do a great job finding excellent juniors…….
These tables show each GDXJ component stock’s symbol, exchange, current weighting in that ETF, market capitalization, cash costs per ounce, all-in sustaining costs per ounce, AISC projections for 2016, cash on hand, its percentage of market cap, Q4 cash flows generated from operations, along with Q4 production. This hard Q4 data proves that the junior gold miners’ deep stock-price lows were never justified. ……
Read more……..
http://www.321gold.com/editorials/hamilton/hamilton031116.html
… Gold’s new bull market will catapult junior gold miners’ profits radically higher, which investors will eagerly chase. So the battered junior gold stocks are right on the verge of soaring to lofty levels in the coming years that few could’ve imagined in Q4. It’s not too late to get deployed.
Excellent, thanks for posting. As Jesse Livermore counseled in “Confessions of a Stock Operator”
“Get right, and sit tight.”
That is the time here now in junior PMs’
The book is Reminiscence of Stock operator.
I’m so glad I have the week-end to read and dig into what Adam Hamilton has to say about the juniors….When Adam Hamilton has something to say I’m all ears…thanks very much for passing this along!
That is why I posted for the weekend read.
Review the ASX:EVN on the list. N Maund also mentione in his article on junior.
On upcoming correction in gold I plan to add more OCD and ASX:EVN.
Plus many ofcourse.
Quote from AH in the linlk: GDXJ ETF …..”also include other companies that leave me shaking my head in disbelief. I wouldn’t touch some of GDXJ’s stocks with a ten-foot pole, they’re really iffy. So the best gains in the coming years from the super-high-potential junior-gold realm won’t come from an over-diversified and performance-diluting ETF like GDXJ, but from carefully-handpicked portfolios of the best of the junior golds.”
This is what I have been preaching for some time. Avoid the PM sector ETFs. In fact, generally, avoid ALL ETFs full stop. These are Wall Street play things, designed by them, for farming the herd! GLD in particular is a scam and one day holders will get the surprise of their lives, when the gold they thought they owned, does not exist except in the form of paper IOUs, between multiple counterparty sub-custodians.
Spock I value your insight in PM sector. I do not intend to buy any ETF period…
Thanks for your persistent reminder to all of us here on Goldtent.
What is streamer and AISC value?????