Loading ...I saved this from golden triangle. Gone but not forgotten, rest his sweet soul.Never once that I remember mentioned what he was going through and dying when he wrote this. Maybe just wasn’t up to it. This would be good advice for a newbie. They tend to want easy answers thinking this is cool while your making money not realizing how long you had to wait or having no clue how they can get burnt ” playing with gold stocks.”That its a on going learning experience and you have to watch them closer than other stocks as well as be aware of catalysts that may be contrary to other indexes at times. He may learn something too in that some of these stock symbols no longer exist.
Golden triangle
Investmet strategy, incites and recommendations from a sick old man who has nothing better to do today.
Thanks to all who have helped me refine my system over the last few days of conversation on Posters Paradise.
The first rule is that you are buying stocks in a sector where all the stocks in that sector have been beat down. This helps assure that the stocks you pick are not simply lagards from the rest of the industry. Secondly, you are looking only at stocks that seem to have recently put in a historic low. It doesn’t have to be the final low though in most cases I believe it will prove to be.
In the last few weeks I have begun to look at my investment accounts for the first time in a year and to actively manage them for the first time in 4 years. I will share the formula below in such a way that it can be duplicated by most anyone at the current time with little need for management or concern. It certainly needs to be followed monthly or at least quarterly. I don’t make any money off this deal, but it greatly enriches my life to feel like I can share something of value with others. Thanks for reading. If I turn out to be wrong sell some or all but don’t be too hasty about it – time is the key element.
First, recognize that the buying opportunity that is currently before us comes around only every 5-10 years. It’s rare. Don’t try this at home! Lol Look at a chart of the HUI gold stock index to see that year 2000, 2009 and the current time have very low prices in common. These companies have never had more production or more potential but they a literally being given away at this moment.
2nd, Buy a minimum of 6-12 stocks in the list and plan to hold them for at least a year unless you want to take some profits along the way. It is entirely possible that this buying opportunity will stay relatively good or even get somewhat better over the coming months or year or two. Most likely each of these stocks will rise in value by 400-500% during the coming months to 2 years. Most of them should then be sold even though many will possibly go on to provide 1000-2000 percent returns. This is not a spiritual matter. It’s a financial matter and God will not particularly bless you for participating but I’m sure he would love to see you use profits from your investing to help others in need.
3rd , Open an account at a discount brokerage firm such as Fidelity or Scottrade. Commissions for on-line trading are about $7-8.00 if you will buy and sell yourself on line. You will need a minimum of $500 to $1,000 in the account.
Keep in mind that if all your savings are in a regular IRA you can roll some of them over into any brokerage IRA account. Talk to an accountant about this if necessary. Or, You can roll some of a regular IRA into a nontaxable Roth IRA account to the tune of up to $5-6000 per year if you have earned income (not investment income) for the year. Or, you can take funds from your credit union or bank accounts and place them in a Roth IRA to get money working tax free for your retirement. Or if you plan to use profits soon to put on a new roof or other purchases you will want to open a regular trading account on which you will pay taxes on your profits generated in a given tax year. I have several accounts of different types. Roth IRA, Reg IRA, Trading account.
4th, Look at the list below and choose 6-12 stocks from the list in different price ranges – some less than $1.00 and some well over a dollar. Spread the money almost equally among them. This will give you much need diversification in different companies in case there are laggards in the group which deserve to be at low prices. Each of the stocks currently on this list produces thousands of ounces of gold and silver each month. That gives them a solid base to grow from as the price of gold and silver rise over the next 24 months. How high will they go? I would guess gold will be in the neighborhood of $3000 within 2 years. These companies will produce profits and therefore increasing stock prices simply on higher gold and silver prices .If these metals go on to new highs these stocks will mostly return 1000-3000% in price appreciation over the coming years. I know that this sounds like a pipe dream, but I have experienced this kind of gain several times in the last 15 years. The current buying opportunity is greater than the ones I have previously participated in the years 1999 and 2009.
5th, do not sell any stock unless you are taking profit. A loss only occurs if you sell at a loss. You don’t want to get in this habit. These shares can theoretically go lower but they all appear to have bottomed in a historic pattern which is quite reliable. It is acceptable to add to a position at a lower price. It is not acceptable to sell at a loss unless your research tells you something is significantly wrong with the company. If you have a question about that, replace the stock with another or ask someone who can help evaluate the company. Good luck.lol
6th – Limit your investment here. But be realistic. You want to invest enough that the profits will make a difference in your life. You do not want to plan to add to your portfolio as the stocks rise because the risk rises also. Start with enough in the beginning that you are happy with the amount and can live with the limited profits that that amount of investment will generate. This is not a strict rule, but for people who tend to start out scared spitless by investing, it’s safer than gaining confidence and adding more money at highr prices. As these stocks rise through 100% and 200% and 300% begin to take some profits. Don’t sell any one of them too quickly as they may just be slow starting. It is acceptable to replace any stock at any time if you have found an equally cheap one to replace it with. There, you have some flexibility!
7th – Don’t expect to buy more of any stock as it rises. Once they move up 100% or more you now face the possibility of loss if there is a sell off in the stock. You see, the least risk is at the historic low. The risk of loss increases as the stock moves into the middle ground that I have called never-never land. The level at which the stock could easily go down as well as up because many investors now have a profit in it and some may decide to sell for no apparent reason causing the stock price to fall.
8th – Enjoy your profits! You may have to wait awhile but it has been my experience that these large gains happen most of the time from these price levels. Use Big charts (5 year charts) to follow your progress in each stock occasionally. It will give you a pretty picture of what is occurring from day to day.
9th I am not a registered investment adviser nor would I want the responsibility that it entails.
I view the above system as almost risk free – you may have a different opinion. Experience has been my guide.Probably your greatest risk may be the possibility of lower profits then I am expecting. There is nothing wrong with lower profits.
goldentriangle -This is a list of my favorite producers with last high price and current price. Look at Bigcharts.com 5 year chart. A picture is worth a thousand words.
Buy symbol Canadian quote symbol company high current price All these companies produce
CAGDF CG $24.00 $4.63 thousands of ounces of gold and
Thanks to all who have helped me refine my system over the last few days of conversation on Posters Paradise.
The first rule is that you are buying stocks in a sector where all the stocks in that sector have been beat down. This helps assure that the stocks you pick are not simply lagards from the rest of the industry. Secondly, you are looking only at stocks that seem to have recently put in a historic low. It doesn’t have to be the final low though in most cases I believe it will prove to be.
In the last few weeks I have begun to look at my investment accounts for the first time in a year and to actively manage them for the first time in 4 years. I will share the formula below in such a way that it can be duplicated by most anyone at the current time with little need for management or concern. It certainly needs to be followed monthly or at least quarterly. I don’t make any money off this deal, but it greatly enriches my life to feel like I can share something of value with others. Thanks for reading. If I turn out to be wrong sell some or all but don’t be too hasty about it – time is the key element.
First, recognize that the buying opportunity that is currently before us comes around only every 5-10 years. It’s rare. Don’t try this at home! Lol Look at a chart of the HUI gold stock index to see that year 2000, 2009 and the current time have very low prices in common. These companies have never had more production or more potential but they a literally being given away at this moment.
2nd, Buy a minimum of 6-12 stocks in the list and plan to hold them for at least a year unless you want to take some profits along the way. It is entirely possible that this buying opportunity will stay relatively good or even get somewhat better over the coming months or year or two. Most likely each of these stocks will rise in value by 400-500% during the coming months to 2 years. Most of them should then be sold even though many will possibly go on to provide 1000-2000 percent returns. This is not a spiritual matter. It’s a financial matter and God will not particularly bless you for participating but I’m sure he would love to see you use profits from your investing to help others in need.
3rd , Open an account at a discount brokerage firm such as Fidelity or Scottrade. Commissions for on-line trading are about $7-8.00 if you will buy and sell yourself on line. You will need a minimum of $500 to $1,000 in the account.
Keep in mind that if all your savings are in a regular IRA you can roll some of them over into any brokerage IRA account. Talk to an accountant about this if necessary. Or, You can roll some of a regular IRA into a nontaxable Roth IRA account to the tune of up to $5-6000 per year if you have earned income (not investment income) for the year. Or, you can take funds from your credit union or bank accounts and place them in a Roth IRA to get money working tax free for your retirement. Or if you plan to use profits soon to put on a new roof or other purchases you will want to open a regular trading account on which you will pay taxes on your profits generated in a given tax year. I have several accounts of different types. Roth IRA, Reg IRA, Trading account.
4th, Look at the list below and choose 6-12 stocks from the list in different price ranges – some less than $1.00 and some well over a dollar. Spread the money almost equally among them. This will give you much need diversification in different companies in case there are laggards in the group which deserve to be at low prices. Each of the stocks currently on this list produces thousands of ounces of gold and silver each month. That gives them a solid base to grow from as the price of gold and silver rise over the next 24 months. How high will they go? I would guess gold will be in the neighborhood of $3000 within 2 years. These companies will produce profits and therefore increasing stock prices simply on higher gold and silver prices .If these metals go on to new highs these stocks will mostly return 1000-3000% in price appreciation over the coming years. I know that this sounds like a pipe dream, but I have experienced this kind of gain several times in the last 15 years. The current buying opportunity is greater than the ones I have previously participated in the years 1999 and 2009.
5th, do not sell any stock unless you are taking profit. A loss only occurs if you sell at a loss. You don’t want to get in this habit. These shares can theoretically go lower but they all appear to have bottomed in a historic pattern which is quite reliable. It is acceptable to add to a position at a lower price. It is not acceptable to sell at a loss unless your research tells you something is significantly wrong with the company. If you have a question about that, replace the stock with another or ask someone who can help evaluate the company. Good luck.lol
6th – Limit your investment here. But be realistic. You want to invest enough that the profits will make a difference in your life. You do not want to plan to add to your portfolio as the stocks rise because the risk rises also. Start with enough in the beginning that you are happy with the amount and can live with the limited profits that that amount of investment will generate. This is not a strict rule, but for people who tend to start out scared spitless by investing, it’s safer than gaining confidence and adding more money at highr prices. As these stocks rise through 100% and 200% and 300% begin to take some profits. Don’t sell any one of them too quickly as they may just be slow starting. It is acceptable to replace any stock at any time if you have found an equally cheap one to replace it with. There, you have some flexibility!
7th – Don’t expect to buy more of any stock as it rises. Once they move up 100% or more you now face the possibility of loss if there is a sell off in the stock. You see, the least risk is at the historic low. The risk of loss increases as the stock moves into the middle ground that I have called never-never land. The level at which the stock could easily go down as well as up because many investors now have a profit in it and some may decide to sell for no apparent reason causing the stock price to fall.
8th – Enjoy your profits! You may have to wait awhile but it has been my experience that these large gains happen most of the time from these price levels. Use Big charts (5 year charts) to follow your progress in each stock occasionally. It will give you a pretty picture of what is occurring from day to day.
9th I am not a registered investment adviser nor would I want the responsibility that it entails.
I view the above system as almost risk free – you may have a different opinion. Experience has been my guide.Probably your greatest risk may be the possibility of lower profits then I am expecting. There is nothing wrong with lower profits.
goldentriangle -This is a list of my favorite producers with last high price and current price. Look at Bigcharts.com 5 year chart. A picture is worth a thousand words.
Buy symbol Canadian quote symbol company high current price All these companies produce
CAGDF CG $24.00 $4.63 thousands of ounces of gold and
EGO ELD $22.00 $6.57 silver each month.
HGMCF HMY $16.00 $3.26
ANV ANV $25.00 $3.84
GORO GORO $11.00 $5.50
MVG MAG $14.00 No $5.99
MMTMF AR $11.00 $5.98
EXLLF EXN $15.00 $1.67
USGIF USA $ 6.00 $ .54
CGR CRJ $ 2.70 $ .23
AXU AXR $ 9.00 $1.32
KGC K $25.00 $4.94
BAA BAA $ 5.50 $ .64
SEMFF SMF $14.00 $2.43
RIC RIC $13.00 $1.47
JAGGF JAG $14.00 $ .20
SGRCF SGR $ 4.00 $ .18
YNGFF VG $ 9.00 $ .58
DRGDF DGC $40.00 $8.39
OGDCF OGC $ 4.00 $1.46
BTG BTO $ 4.50 $2.38
OSKFF OSK $16.00 No $5.00
IAG IMG $23.00 $ 4.63
PNP PNP $ 4.00 $ .32
AUQ AUQ $14.00 $3.83 no
MDRPF MAX $ 5.00 $ .89
goldentriangle