Gold and Silver are Best Over Miners
I think unless you are very wise and blessed to have picked the right miners, the best investment for years now has been the real metals or their equivalent. I find that truly weird, but not really. Less hassle, that’s for sure. I think of the countless hours I’ve wasted researching the miners, and that wasted time has surely been as costly as it has been wasteful. Now, if you picked a hundred bagger, you gambled well. I realize that I’ve gambled and lost with odds just a bit better than Vegas. Even the winners can drop 30% in a day or worse after going to wonderful heights only to have a mine cave in destroy years of investment. Do you think I’ve learned. Not at all. Insanity. Yuck!
Chart GDX:GLD on a monthly, with the MACD. (not the histo)
When its below the zero line, miners are not the place to be.
Its been there since mid 2021.
I feel your pain.
I look back to 1999 when I got back into PM Miners. Some real dogs but some real winners. A wild ride all over the map after the 2012 peak til now.
I remember SLW.TO (now WPM.TO) was spun off from G.TO.
In hindsight, I should have kept ALL of those shares I purchased at 1.10-1.50 cdn.
They had a wild ride but are around 85.00 cdn now. The dividend was under 1% most years.
I bought back in at a much higher price.
100% Marcus …lesson well learned but alas took way too long