second best time to buy gold stocks

The second best time to buy gold stocks is when they start producing .

My current hold portfolio in this category is:

1. EXT,
2 SBM.
Others: not finished buying yet. I will publish in a week or two

Great Learning’ s from the experts.

By Albert J. Matter
April 11, 2005

The absolute best time to buy a mining stock is just prior to the drilling of the ‘discovery’ drill hole which makes the nightly news and sends the penny stock soaring to extraordinary highs! (see Fig 1, Item 1-3, Discovery hole) This is a difficult task as statistics show that over 600 properties have to be drilled for each ore body that is discovered and subsequently made into a mine. It can be a daunting and expensive proposition trying to cover your bets by speculating in all the penny dreadfuls.

The experience we have enjoyed over the past 30 years suggests there is a second best time to buy mining equities. That is when a qualified management team is preparing to convert/construct a single ‘ore body’ mining company into a producing mine. A purchase of mining stocks during this development/construction period has produced significant gains with a favorable risk/reward ratio.

www.oxfordclub.com


Cheers
Zackman