Loading ...PMs Earnings Matter ?
I have a Big Watch List in PM Miners
Today is interesting
I don’t really follow earnings reports in this sector BUT There seems to be a major group of investors who do.
Usually Earnings do not really matter….its more about the Prospects for the Price of Gold and Silver and about the
size of the resources…etc
Today there must have been some earnings reports out
Some Stocks are flying and some are crashing
AGI up 9%
KGC up 5%
EXK down 6% ( ugly chart breakdown)
HL down 6%
My point is it looks like a different group of investors is getting interested in this sector…The generalists
hedge Funds and large brokerages who actually care about earnings…This is likely Good in the long term
I dont buy these Producers much…but those who do should watch the fundamentals as well as the charts
Cashcosts …you will be an even more valuable poster here going forward…would be interested in you comments.
Investors better stop bottom fishing and start looking at fundamentals, I never liked fundamentals of EXK end even AG, these are overpriced stocks with little growth. Prefer to focus on REAL companies like HOC.L Same for gold why bother EGO or AKG that look cheap if the companies only have problem after problem, better focus on good companies like BTG, EDV or NEM, ABX, AEM. Maybe return will be less spectacular, but on average you will sleep better. Same for MUC and KDX, these companies never make money, but could be interesting call options on gold if management can execute!