Greetings all,
Things look a little
messy in the US for the
week(s) ahead. It seems that there are some short term opportunities in the
gold stocks again. The likes of LHG have consolidated and look set to move up
again.
Waiting for LHG to trade
above $1.25 would be a good move before considering an entry. You could use
the same level as your stop loss after buying. Not a long
term option as these guys have some long term production obstacles.
Another one to watch is
PEM, these guys have recently acquired a
silver-zinc-lead property that will immediately produce. I think the market is
slowly reconsidering the future of this company in light of its new
direction.
As you can tell, my focus
has been learning about mining and mining companies lately. I can confirm that
mining is possibly the worst business on earth to be in, and mining stocks are
not good long term investments. They are however, very cyclical and reasonably
predictable. Superb vehicles for speculation and short term
profits.
The quality of posting
has exceeded the quantity lately. Has this been because no one is interested,
or does everyone have their head firmly in the sand.
Would anyone be interested in the formation of a “STUDY STOCK” section of this
site. I am sure that GO Learn Shares and ShareChat could make this happen. Perhaps we could choose
a few stocks to update each day. Focus on achievable strategies and encourage
some more education.
What would everybody like
to learn more about?
Regards
Nick
McCaw
