Sakata

Gold Stocks Not Driven by Larger Market

In response to the first two comments:

I bought a bucketful of about 50 pink sheet miners back at the end of October when they bottomed out. So far I have had 17 which doubled and three of those tripled. I had a few losses of course, but I am up 43% on the bucket load.

But am I smug? Not even close! GDX is up even more (do hold a sizeable junk of that also) so I probably could have done better. I also have quite a bit of physical silver and gold and they are up more than the pink sheet stocks.

So what is the point of this post? It really doesn't matter how you are positioned in the mining and metals sector. As long as you are in it then you made a whole lot more than anyone else over the last six months. And you are going to make a lot more in the coming years. So let's not get hung up on small, short-term changes. The wise people are in this for the long haul and don't worry about what happens over a relatively short six-month period.

Comparing and Evaluating the Gold Indexes

On Mar 12 04:21 PM Loriewil wrote:

> Sakata,
> When you get your junior mining stock indexes completed I would appreciate
> you sharing them with me (and perhaps in an article posted on seekingalpha).
>

I appreciate that but it will not be that easy. Creating the indexes is relatively easy. Anyone can go to the TSX pages and get all the stocks. It is the Excel programming which will keep them all in sync which would not be possible to publish in an article.

Comparing and Evaluating the Gold Indexes

An interesting article, but the only really important thing it says is that the first four indexes are, for all practical purposes, equivalent and of little value if you are interested in junior mining stocks. The fifth of these, while more useful for junior investing, is broader than the PM market.

For several months now I have been trying to put together my own indexes for the various subsector of the junior mining industry. This is very possible to do using Excel and letting it download the info on all stocks overnight. Separate indexes for production, exploration, Toronto-listed, Vancouver tier 1, tier 2, etc. leads to very interesting possiblilities. Unfortunately, due to limited time available, I have not got perfected my algorithms but I hope to have it done later this year when I expect that some of these subsectors will really take off.

Knowing how each individual area within the PM is behaving will, I hope, allow me to fine tune my investments and direct my efforts in the area which are likely to be most productive.

Tom Winmill on Gold: Recent Performance Due Mostly to 'Fear Factor'

I have to say that this article sounds more like a sales pitch than a well-considered evaluation of the gold market.