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Thread: What gold miners do YOU own?

  1. #1

    What gold miners do YOU own?

    I sold most of my positions about a week ago. I like the action today and I am about ready to step back in, as I feel this dump was needed to clear out some of the weaker hands. The global money printing story hasn't ended by a long shot. I am currently in HL to keep some exposure to the metals while waiting for the pullback. I think I will add to my position if it can get to the low 6s. I was in GDX, but I do not like the fact that some miners hedge and won't capture the run up in the next several years, so I am now looking for more individual plays. I like HL because it has negative mining costs for silver(due to other minerals mined and sold), it is sitting on larger reserves, it does not hedge silver, it has a ton of cash, and practically no debt. Please share what you guys are in and why.

    *can we avoid the penny stock gold mines, thanks.



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  3. #2
    I think that people should be looking at Rare earth metals stocks as they are the only group that can have a gaint move , agreed PM stocks will have a slower upward move.

    I own GG , one of the lowest cost producer and mostly north America , also SVM , the cheapest silver producer in the world , China company that mines silver--lead--zinc , the silver is produced at minus $11 a ounce and they pay a 2 cent div. My only 2 holdings about <2 yrs SVM , more than 5 yrs GG.

    I do mess around with penny PM stocks , with only about $1000. They are more fun.
    Last edited by ILUVRP; 10-21-2010 at 12:37 PM.

  4. #3
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  5. #4
    I was looking at SVM because it was on one of Peter Schiff's top 5 silver miners reports, but then decided to go with HL. I might pick up some shares of SVM though soon. It is hard to find out which companies hedge their costs, and which don't. I am not sure about GG or SVM. I was also looking at SSRI. It is sitting on a ton of silver right now.

  6. #5
    Quote Originally Posted by cubical View Post
    I was looking at SVM because it was on one of Peter Schiff's top 5 silver miners reports, but then decided to go with HL. I might pick up some shares of SVM though soon. It is hard to find out which companies hedge their costs, and which don't. I am not sure about GG or SVM. I was also looking at SSRI. It is sitting on a ton of silver right now.
    I think that SVM is locked into selling to the Chinese goverment at about 75% of the spot market.

  7. #6
    Quote Originally Posted by ILUVRP View Post
    I think that SVM is locked into selling to the Chinese goverment at about 75% of the spot market.
    source?

  8. #7
    I own NG, HL, and AXU.
    "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety."
    -Benjamin Franklin

  9. #8
    Quote Originally Posted by rckt24 View Post
    source?
    Sorry for the late reply , i have been looking for the source for the last hour, i can't find it. I really think i read it about a year ago. I will keep looking.



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  11. #9
    I own NG & HL

    and I also own GLD and SLV for exposure to the actual metal

    I own LIT, DBO, DBA for exposure to other hard assets

    and ETFs for every asian country available, just stocked up on EPHE today
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  12. #10
    Arklatex
    Member

    Selling my Chinese mines EGO and SVM

    Have gone up a lot but I think the situation with China could get grim fast.

    Like GBG EXK FNNVF.PK and a lot of the small miners that llepard holds are interesting.

  13. #11
    Arklatex
    Member

    Dundee Precious Metals and La Mancha

    are both tiny, unheard of, and producing some metal

    But the "no brainer" stock is supposedly Silver Wheaton

  14. #12
    Half a dozen or so.

    But I'm most proud of IVN pick.

    I picked up a large position 2 years ago when the stock was at about $5.50.

    It's now about $23.50 and was over $24 a few weeks ago.



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