Gold stocks: the shares are in a strong downtrend at the moment,
and this shows no sign of reversal. Throw in the oil price may be
about to shoot up it could get even worse.
That said, for the long term INVESTORS amongst you with a 3-5
year view I would suggest looking at these as they are trading very
cheap relative to long term valuations. However, focus on cash rich
companies because if this turns into a proper liquidation then some
companies with high overhead may cease to operate.
Posted by caddpro123 on 15th of Aug 2018 at 10:09 am
From bitter experience, having witnessed this kind of
behavior in the sector first hand, I humbly remind people again
about the trying to grab a hold of a falling knife.
Gold stocks: the shares are
Posted by torvix on 14th of Aug 2018 at 01:10 pm
Gold stocks: the shares are in a strong downtrend at the moment, and this shows no sign of reversal. Throw in the oil price may be about to shoot up it could get even worse.
That said, for the long term INVESTORS amongst you with a 3-5 year view I would suggest looking at these as they are trading very cheap relative to long term valuations. However, focus on cash rich companies because if this turns into a proper liquidation then some companies with high overhead may cease to operate.
Heads up and good luck!
From bitter experience, having witnessed
Posted by caddpro123 on 15th of Aug 2018 at 10:09 am
From bitter experience, having witnessed this kind of behavior in the sector first hand, I humbly remind people again about the trying to grab a hold of a falling knife.
exactly, we've all done that
Posted by matt on 15th of Aug 2018 at 10:18 am
exactly, we've all done that before. And yes that area getting destroyed