GOLD 0.51% $1,391.7 gold futures

my selection for gearing is LEG Legend Mininghere is a little...

  1. 1,048 Posts.

    my selection for gearing is LEG Legend Mining

    here is a little bit of gold gearing theory from Wall St Window to back this up

    "My most successful gold investments have been in mid-cap junior
    and
    mid-tier gold producers. 

    Junior mining companies work to transform exploration properties into producing mines.  Some of them have a mine in production, but most of them are only a step above exploration companies.  Those that do have mines usually have lower quality mines and need to open new ones to replace them when they run out of ore. 

    A mid-tier gold producer mines anywhere between 100,000 and 1,000,000 ounces of gold a year.  These companies have at least one producing mine and often own several mines, some of which may have higher production costs and were closed during the gold bear market.  As the price of gold advances these mines reopen."

    LEG is the perfect play for multiplying returns on gold production as the price of gold rises IMO
    and don't forget LEG has silver into the bargain

    LEGEND MINING a mid-tier getting set!

    cheers

 
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