solid gold stock?

KUCH

Thinking of moving equities, what are some SOLID gold stocks to consider? Truly appreciate advice.

derryb

I'm making money on the ups and downs with:
NGD
GSS
KGN
GRS
AUY

You might also look at:
HL
MCP
MFN
MGN
MVG
PAL
XPL
FRG
CDE

ttown

A good mining mutual fund is much better unless your really into this to diversification of risk. When these soar a dry hole will bring very good money don't get greedy, Oil great but I wouldn't have wanted to own BP the last several months and accidents can happen the sends someone down and out even in mining.

roadrunner

Unless you are following the gold and silver miners daily/weekly and get a feel for their particular patterns, it's probably wiser to enter into GDX or GDXJ. If you pick a couple that fly higher, the 3rd or 4th one being a dud will bring the entire group back to the returns of GDXJ or GDX. If you're adept at buying some of those miners that derryb mentioned on big dips then you can do pretty well. I personally like many of the AMEX listed miners that are in GDX or GDXJ. But many times they are on slightly different cycles.

Besides the ones already listed above I would also add:

intermediates/near seniors: KGC, AEM, BVN, IAG, EGO, SLW - definitely all solid but each has its own warts.

juniors/near intermediates: NG, NXG, UXG, AZK, THM, GBG, XRA, JAG, NAK, RBY, SVM, EXK, CGC.
There's about 20 of these important juniors that I like to look at daily.

Just in this group alone there are problems that at times set them back. Right now BVN and GRS are fighting labor issues and poor quarterly reports, KGC has been acquiring several mines in the past month, NG was run-up by Paulson and Co. and possibly bailed on somewhat, NXG is in the midst of seeing one of their mines being shutdown with it's successor 2 yrs away...hence weak returns in 2011, CGC is going through senior managment changes, VGZ is fighting the Mexican environmental PTB over changed permitting on one of its key mines, etc. There always seems to be something keeping a group of these guys from moving up. Those kinds of problems are smoothed out by GDXJ/GDX.

I like the first 2 lines the most but like playing with the middle juniors who make up the higher percentage of GDXJ. If you have access to the Toronto stocks you'll have many more juniors to choose from such as Detour, Red Back, Osisko, Semafo, and other solid juniors also in GDXJ. Still, I think the best bet for someone who is not able to watch the action closely is GDXJ or GDX which gives you 35-55 stocks in one single buy. Yeah, you won't catch that 8-12% daily flyer when it hits, but you also won't catch the same 8-12% on the downside either.

2 weeks ago I bought JAG, AUY, MFN, NGD, KGN, KGC, and GDXJ. Now all sold. Now looking for another fresh group to buy shortly. But I often question myself as to paying several trade fees when GDXJ can do it in one fell swoop. But when individual miners are hard hit separate from the sector, it's hard to pass up the discounted price.

roadrunner

HonoluluDude

I like GDXJ also-- Junior miners by themselves are high risk plays.

van eck ETF

KUCH

Replies are appreciated.

derryb

Do your trading with an on-line discount broker and keep an eye on your investments. The days of buy and hold have passed. The real money is made in "buy low, sell high." You can do this with just a handfull of listings by turning them over and over and over. Keep an eye on VXX, it is a good way to temporarily short the Dow. Dow goes down, VXX goes up. I keep switching between mining stocks and VXX depending on what I think the Dow will do in the immediate future. For what it's worth I get $7 trades at Scottrade. Have all my accounts including regular and Roth IRAs with them. Satistifed with service. they have a branch office in many cities to assist you with the how to's (they will not give investment advice). Here's a good link to available ETFs which are a lot like mutual funds:

ETF database

Here's a great equities technical/info site:

Finviz.com

And don't forget silver. I'm betting it will provide better returns than gold.

roadrunner

I'm surprised at how much GDXJ has changed since it was first brought on line in November 2009. It's makeup is quite different today, and probably for the better. At the start it was weighted 20% in silver miners, now only 14%. I like that mix better even if silver probably is a better long term play than gold. In the current environment it hasn't been as good and the % shows that change. Miners like Novagold who went on nice runs in 2009 have seen their percentage in the fund drop substantially (ie from 2.7% to <1%). So it seems they are pretty active in maneuvering around the percentages of their holdings. And that would seem to be a significant factor in how one of your selected individual miners performs.

Finviz....great site derryb. I have now bookmarked that. Thanks!

US listed gold stocks

roadrunner