Marc Faber Says Time to Buy Gold Exploration Stocks [View article]
He's not the first to make the call if you follow the sector--though I like him. It's a down day, but there are lots of bargains in excellent, well capitalized companies. Go to Kitco.com and start reading press released and researching the companies. What I own that I think will survive: Bravo Gold, Impact Silver, Sabina Silver, Canadian Zinc (silver), Mines Management, Mineras Andes, Everton, Pelangio, and U.S. Gold. I own others that I believe will recover after a while, but I wouldn't suggest them as stocks yet. I'd suggest taking a chance with Northern Dynasty, which is backed by two of the majors plus Mitsubishi and has enormous resources in the ground. It's incredibly beaten down.
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He's not the first to make the call if you follow the sector--though I like him. It's a down day, but there are lots of bargains in excellent, well capitalized companies. Go to Kitco.com and start reading press released and researching the companies. What I own that I think will survive: Bravo Gold, Impact Silver, Sabina Silver, Canadian Zinc (silver), Mines Management, Mineras Andes, Everton, Pelangio, and U.S. Gold. I own others that I believe will recover after a while, but I wouldn't suggest them as stocks yet. I'd suggest taking a chance with Northern Dynasty, which is backed by two of the majors plus Mitsubishi and has enormous resources in the ground. It's incredibly beaten down.
Dec 01 10:58 am
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All Comments by GMiki1 »Marc Faber Says Time to Buy Gold Exploration Stocks [View article]