Paying for experts…..
So, so I just saw this GoldFix Pm guy on substack talking about how he is now recommending some miners….and you have to sub (pay) to his substack. He was putting a few names out there, and guess what? I already own them, too funny. OK. I’ve subbed to many of these people and have been unimpressed with many. Beware people who haven’t done this, and now are doing recs. There are many “free” quality resources. I like Don D, he does great analysis, talks to these people, and you can sub to his stuff for free I think. I did his substack for $80? But most of his stuff on X is for free if you just follow him.
I used to sub to Casey resources, what a waste of money. He had a few good ones over the years, but many clunkers as well. Liberty Gold, jeez, can’t believe that dog is still around. What, they’ve been drilling for 15 years….give me a break. Buy producers, producers in the near term (next 2 years), or developers sitting on 2 million ounces plus that are near a producing mine already from one of the majors and in a jurisdiction where they won’t kill you if you don’t pay them protection money. Or just buy JNUG or NUGT which would give you leverage on the miners as well.
This is a trend play, if you are in you will do well. If you are out, you won’t (unless you find a better sector to be in for the next 2 years, good luck). You don’t need to pay anyone to get good advice if you want to buy individual miners, doing a little work yourself and knowing who to listen to will get you where you need to be. BIGGEST RISK – Obviously, the big picture doesn’t work out, but right behind that is KNOWING WHEN TO SELL. I got the greedy pig disease last time, but won’t this time. Use Ratios and common sense and you will know when to jump off the train before it plummets into the ravine.