Excellent article, thanks Marcus. I try to run ahead of the herd which means I sometimes get trampled. However Iike many investors and traders I don't want to miss out on any upside and will look to place a few orders with some tight stops on the risker trades. Maybe I should take my foot of the accelerator when it comes to buying gold stocks:) They've definitely came off the boil again last night though I'll continue to chip away at some of my favourites. I particularly like Gold Road and Alkane Resources. Thanks again for a great read, regards Mark.
Henry (works with me) a big fan of GOR and you might listen to his podcast On the Couch with Richard Morrow (Melbourne Mining Club) https://www.buzzsprout.com/967801/3393850-on-the-couch-wi...
Marcus thanks for the lead. I've thoroughly enjoyed listening to Henry and Richards views on mining and gold in Australia. It helps confirm my view that gold will continue to do well over the next 2-3 years and that mid cap producers is probably where you should be. I've owned shares in all three companies mentioned. Ramelius have to freight their ore a long way but should continue to rake in more profit as fuel costs are down (a big expense in mining). Many underground operations are also now fully automated with big advances in technology and ideas leading to cheaper extraction. Another miner that I quite like is Aurelia Metals. Not sure if you've heard of it? They're not a pure gold play, but they do look cheap. But then again there's cheap stocks everywhere at the moment:) Best regards Mark.
The great Mark Twain wrote, "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so"
G’day Marcus - a great article from you as always. Interested as to why you feel infrastructure isn’t highly geared to a recovery? Is this because it’s more a medium/longer term outlook and won’t get as much bang for buck if there’s a rally?