..the nature of PM juniors, in just a week, CHN came out of its slumber and rose 62%
and in less than two weeks, BRV gained 95%.
In this multi-year PM bull market, you should expect more of these stories to play out over time across junior gold and silver miners that are potential and in the right locations. And this is why the way to play it IMO is to buy on weakness and hold but in measured proportions to stomach volatility that comes our way from time to time.
Who would have thought that CHN which already gained 475% since it was added in late Oct last year would add a further 62% from 0.95 on 12/8 when it looked like falling. Just one neat Julimar announcement changed all that. And there suddenly is an interest in any close to Julimar, IPT is one of them.
Often we are tempted to take profits when a junior is rising , while that is fine, you'd always want to keep some left to ride a potential second and third wave. After all NST was once such a stock , 7 years ago it was trading at just 50+c and has risen 30 fold since. A $5k investment 7 years ago in NST would now be worth $150k and potential more if you include the $9 rights.
A rather disappointing day for Gold producers after a splendid and robust profit announcement from SAR, SLR, but to put in context it just gave up 80% of the gains made yesterday.
That is why I am more focused on the Juniors as they don't depend on what gold or silver prices does on a day to day basis and an upgrade announcement would be a game changer. And as I mentioned, three areas to focus on , 1) juniors with cornerstone investors (in bold below) 2) the silver juniors (IVR&EQE meeting both (1) and (2), SVL, PMY., MYL) 3) the smallest mcap gold juniors (AUL, NES, LEX, MXR, AME).
As you can see, this PM portfolio of 41 has generated 52% return in a short space of time, in fact the last 30 since CAI down were added just 3 months ago have averaged 35%. You catch it early and in the right stocks and hold , that is the outcome.
And we're just in the second inning of this multi-year PM bull market. You either believe it and believe it early or forget about it (and not be the last man or woman trying to get in when the ultimate mania ends).
I have showed you that the DXY is crumbling and the USD is poised to reach new lows in the years ahead.
