Mining Stocks – Precious Metals Are Hated Again (My Fall Shopping List)
Gold and silver stocks are out of favor and back in the toilet again! Well, maybe not the entire sector, but in the world of mining stocks, almost nobody is a fan of advanced stage developers right now…
Can it get any more boring?
The trend ain’t your friend…
Here’s a six month chart.
It’s BEET RED these days!
Everyone likes to think of themselves as a contrarian… Well, if you want to attempt to “buy low” and hunt for deep value discounts, the above stocks are a good place to start…
No, these companies certainly aren’t perfect, but what stock really is? If you deep dive enough, you’ll be able to find faults with just about everything…
Sure, tax-loss selling could cause many of these stocks to slide even further, but it doesn’t cost anything to add stocks to your watchlist!
With that said, from a Risk/Reward angle, I like what I’m seeing with these stocks… The above names (along with many others) are back on my radar/watchlist again…
I did add some more shares of ERDCF this morning, but as we get deeper into tax-loss selling season, I’ll look to try and pace myself as I attempt to add some more cheap merchandise to the portfolio…
Nobody is much a fan of advanced stage gold/silver developers these days, which I guess is just fine by me.
Buying anything at 52 week highs feels sooooooo good! Trying to time the bottom and catch falling knives feels soooooooooo wrong (scary)!
Happy Hunting!