Loading ...Good day Goldtenters,
I recently have taken a defensive mode and moved into a big cash position in PM’s as I am getting indications that we are going to see a pullback. Last week the BPGDM created a sell signal.
https://stockcharts.com/public/1906477/chartbook/236613197
I am also following a lot of David Brady’s writings and research and he called for a pull back a week earlier. He is currently searching for the Highest Beta Miners for the coming rally in metals to new highs. He went back to 2015 to identify those individual miners that had the highest beta (price volatility in the same direction) to Silver, but with a higher weighting on more recent beta performance since the 2020. He coupled the beta with those stocks that had the highest correlation coefficients to Silver over a consistent 100-day period. NO financial or technical analysis was performed.
He published his top 10 personal recommendations below:
WM.TO
MUX
IAG
SVM.TO
FSM
K.TO
EXK
FR.TO
HL
MAG.TO
Wondering if anyone in the community has any thoughts or comments on the high Beta stocks listed and if anyone had any others they would add to the list.
I am ever appreciative of anyone’s thoughts and feedback.
Cheers
Small basket of similar in this fund shows the resistance,fib level b/t I await
https://www.tradingview.com/x/BHUU42ie/
Me too.
Thanks for the info Sir Rob. Would just caution that while using historical correlation might be a good starting point, so much changes over time. Some miners that had mostly silver properties in the past have changed to a higher gold/silver mix and some went the other way. Over time some issued much more stock to raise operating capital so their profiles are dramatically different. Good starting point but that is why one needs to go more by what the actual charts are showing now as oppossed to what these stocks may have done in the past. Just some thoughts.