It’s running. And we don’t know if it’s pulling back or leaving for good.
But at this point you should AT LEAST have an idea where you’re going.
Mining stocks have high rates of failure.
But if you want to play offense in the PMs game, this is the route we must take.
If you try and do this yourself, expect to get rekt, and hope you’ve learned a lot by the time the next bull cycle hits, whenever that is.
My method has been the same for years.
- Find people who do this for a living
- Do further research after I find picks of theirs I like
- Consult my charts
- Put my take profit levels in place
That last part is key, because with a lot of these people, I do not subscribe to their services, which, and pay attention here, I will not be getting any guidance AFTER the stocks are bought.
A lot of things can happen to a mining company and a mining stock, good and bad, but mostly bad.
Ever watch Gold Rush on the Discovery Channel?
They should just rename the show “Shit Is Always Going Wrong”.
So you will likely need to handle the trade management part on your own. We have talked about this many times already. Put your levels in the same day you buy the stock, and adhere to them.
You can do this at arbitrary levels, you can use the price of the underlying metal to make your decisions (remember, most of these mines have more than one metal being mined), however you do it, just make sure you have a plan and implement it immediately.
Now let’s get to some picks.
I’m giving you three of the top guys in the industry who freely give some picks out for free. Some of their picks are small, some are larger.
You must decide how you play it. If you have enough money to make a soccer team, then feel free to allow these videos to help you fill in the places there.
I’ll re-post this one for those who do not follow me on Twitter, or simply missed this one, but here’s Jeff Clark. He doesn’t do this a lot, so when he does, it’s good to pay attention. LOTS of picks here.
For those who want junior miner exposure but don't know where to go and don't want to spend money on a service, here are well over a dozen picks by a top guy in the industry. #gold #silver https://t.co/EBQohPNEyP
— No Nonsense Forex (@This_Is_VP4X) April 9, 2023
Next Is Lawrence Lepard. Performance-wise, tough to beat. More of a mix of larger and smaller miners than Jeff, but note the one crossover….
And if you weren’t already familiar, Lepard is a boomer Bitcoin bull, which is refreshing, but also hates every other token, which is a shame.
What I like is how these videos came out this week, so you’re getting up-to-date info here. Mostly gold picks here, but not all. If you want to dig, he’s given a lot of silver picks over the years as well. I can’t do everything for you.
But with Michael Gentile, it doesn’t really matter when you see one of his videos. He’s resolute in his picks, and stays with them for years.
Gentile is already retired, and his picks are highly sought after in the industry.
Most of what he does are juniors with bonus offsets like copper and zinc. This video has chapters, so you can just zoom to the back half of it and get his picks should you want to do so.
A quick side note, Don Durret’s paid service that I’m a part of, Gold Stock Data has gone up in price from $129 to $199, but still the best value out there.
Some people are waiting for a pullback. Fair enough, but sometimes pullbacks don’t come, and this thing we’ve been tracking for the last 4 years takes off without us.
Don’t let it happen to you.
I will say what I said in my last episode on silver how institutions are not in yet.
So there’s no reason to boo-hoo that Silver is at $26, but you were interested back at $18.
I think you can still be very historically correct here. Especially in mining, where things can multiply in a hurry.
Not financial advice.