Gold got blown up in 2 days with respect to the short-term rally. Watch for gold to bottom before silver as we likely transition into a phase of gold leadership over silver. Key support is from the 1300 down to 1270.
For reference, see the previous post that had a TGR interview talking about Management, Management & Management when it comes to what’s important in stock selection. And in the same post see Rick Rule’s thoughts on management of a different kind; RISK management, also compliments of TGR.
My personal ‘speculation’ portfolio is heavily weighted toward what I consider quality producers, royalty and even exploration (as noted in NFTRH 214 this week). Others can have the speculative stuff for now. I want a combination of viable assets, net cash and management. Almaden, headed by J.D. Poliquin has long been a core exploration holding for me due to its lower risk business plan and due to MANAGEMENT.
FYI, I have traded this stock since long before I even knew who Brent Cook was. Though it helps that he’s high on it now.