Loading ...Some Sensible Thoughts From Jordan’s Daily Gold Report
Just read his recent post and thought these two sets of paragraphs capture a lot of my thinking in my recent posts.
“Days ago, my breadth readings showed that 0% of the HUI and 0% of the GDXJ stocks closed above the 20-day and 200-day moving averages. This type of extreme oversold condition usually leads to a rebound.”
“Depending on your goals, risk tolerance, personality, and cash levels, you can take advantage of the current weakness, or you could wait for the larger correction to mature and take advantage of quality juniors at potentially more oversold levels.
Note that every decision does not have to be dictated by the sector trend.
Some stocks will bottom before the sector, some with the sector, and some even later. Buying and accumulating should be done on a company-by-company basis based on a combination of fundamental value and simple technicals.
In my experience, buying fundamental quality at oversold points and then holding for several years is how to earn returns of 5-fold and more.
I’ve positioned myself in companies with the best combination of upside potential and fundamental quality. These are companies you can buy and hold for a few years that have the potential to be 5,7, and 10 baggers after Gold breaks past $2,100/oz.”
Many thanks for highlighting Jordan’s point of
“Buying and accumulating should be done on a company-by-company basis based on a combination of fundamental value and simple technicals.
In my experience, buying fundamental quality at oversold points and then holding for several years is how to earn returns of 5-fold and more.
I’ve positioned myself in companies with the best combination of upside potential and fundamental quality. These are companies you can buy and hold for a few years that have the potential to be 5,7, and 10 baggers after Gold breaks past $2,100/oz.”
Given that I’ve seen lots of “value” in https://www.goldventures.org/blog/silver-sitfolio … here are my cost average down actions in the past month … with NO NEW CASH ADDED TO THE ACCOUNT
On 7/7 : Sable
On 7/7 : Guanajuato
On 7/2 : GRSLF
On 7/2 : GLGDF
On 6/30 – Sable
On 6/29 – Defiance
On 6/29 – Guanajuato
On 6/28 – Defiance
On 6/25 – Kuya
On 6/25 – Granada
On 6/25 – Guanajuato
On 6/24 – Sable
On 6/17 – Defiance
On 6/11 – Granada
On 6/10 – Guanajuato
On 6/8 – Kuya
All these comments, are with due respect to the opinions, and trading actions of Sir Fully, Sir Rambus, Sir Plunger … and numerous others on the Tent, who are all my teachers
GL