Loading ...RGLD and FNV
Incredible Stocks
Here is another…LOOK at what these stocks have done since $1900 Gold
It hardly reacted to the long correction
These 2 are what the Large Players ( Institutions) Buy.
And Buy and Buy and Buy
and all the while we little gold specs look at micro miners and suffer forever
sheesh
I’m not sure I would entirely agree, except that you are having some fun exaggerating with the word “forever”.
Wesdome (WDO) and Kirkland Lake were not micros, but they have had such a low share price and were so unloved in very recent years that they would have been forbidden to many institutional buyers. WDO is still an unknown to much of the world. Yet people who have held on to them have done just fine. As far as true micros go, some do awfully well during bad times. I think that the one Bikoo alludes to above may have been one.
Similarly, one of my female relatives, to the extent she had any money (nearly broke some months–her late husband had lost it all in 1929) in the 1930s bought selected beaten down stocks (mostly not Au stocks) on the basis of intuition and fundamentals (which count or at least I think she thought so) when everyone else was moaning and groaning about how horrible the stock market was (the way people here have been complaining how horrible the PM stocks have been), and when her friends were losing money on their choices. She made killing after killing and made a small fortune by holding them.
It’s tough and there are a multitude of mistakes to be made, but you can do ok when everyone else is complaining and falling over each other rushing around trying to find which guru to pay money to learn how to obey; wringing hands over the indexes and how horrible it is out there. And I do have memories of RGLD going below $5/share. Even in bad times you can do well, even with tiny caps and unknowns if you are lucky or good.
I know you were joking somewhat, and we really aren’t disagreeing probably, but I wanted to present the other side.
Touche Karl