ryanoo that is the tip of the iceberg. countries have moved away from the dollar . there are a variety of reasons, which i am not going to get into. the world has been funding our lifestyle. the liquidity in the repo market has dried up the fed is providing what liquidity exists. got gold!
monarch gold do your own research these types of stocks can fold their tent in a hurry . its your money dont follow me i know nothing and i may sell at any time w/0 notice or warning. ok that said this is an optionality play a a certain price above 1500 they start making money they have an operating mine and 2 mills. they have large investors in larger miners one owns 9% the other owns 18% mcewen mining holds 5% what clinched it for me on this one is if you look at a monthly chart it has an obvious supply line which when taken out it will run these types of miners. can offer explosive returns. they are incredibly risky. the management seems good . also they are in a good jurisdiction.
the other that caught my attention is first mining gold corp. in a good mining jurisdiction. again on a monthly chart it has a definite supply line, when broken it could run. i like the management . it is an optionality play as well . doesnt have the big corporate investment that monarch does. but i like the prospect i chose these from a long list of prospects. although 73 i like , when it comes to gold investing , have a stable of these types of potentials. if 1or 2 work you hit a homer . great bear resources is the one that busted out recently in 17 it was a dime at the highs in august it was $8 . there will be more of those as we start to accelerate in the gold market. its tough to ride. the temptation to jump off becomes great. anyway
dharma
