Loading ...I love your sense of humor, and writing style since day one a long time ago. “The Tax Assessor” story is my favorite, still makes me smile thinking about it. It’s not just MUX, I use the same methods with pretty much any miners I buy. I was told by a stock broker friend, that I am what they call a Momentum Trader.
I didn’t know that myself, I just did what came naturally over time. Buy a small position, see if it turns out right, if up 8-10% then I double it. I play the higher percent gainers, assuming they won’t stop performing just because I bought it. Naturally try to catch a dip.
Take a look at NAK. I started laddering up on that one too. There are many other things I look at too, like decent size market cap and or dollar volume. A div is a plus, or PE no mater how high is also nice. I like USA mines best, and S. Africa least.
The various best performers are like a rotating popularity contest. Sometimes its AG or CDE, and other times its MUX or NAK for example. The most important thing is the need for the dollar to go lower and or spot gold and silver to go up. They pretty much all go up or all go down at the same time, but by different amounts.
I stay away from the big multi billion market caps like ABX NEM GG etc, because they move up or down slightly, like a mutual fund. I avoid the real tiny small caps on pink sheets or bulletin board etc because they move up and down a lot, but too risky, but good for some Vegas money.