First off… Thanks Adam and Chris for this interview… I like John's approach and I am very much in sync with the idea that miners are a super opportunity right now. Oliveoil… not sure you have seen this thread that I started in early March… timing pretty close to the bottom for most mining stocks, if we are in fact at a major bottom;
https://peakprosperity.com/discussion/81092/pm-miners-blood-streets-and-catching-falling-knives
I have been posting the following screener of individual miners I like and own (I own all but GORO right now) with the junior and senior miners ETF's added as reference points;
Symbol
Time&Price
Chg&% Chg
Price Paid
Shares
Mkt Value
Yield
P/E
GDXJ
Mar 22
17.00
0.12
0.70%
GDX
Mar 22
38.16
0.27
0.70%
0.20
MUX
Mar 22
2.98
0.04
1.32%
SA
Mar 22
13.83
0.14
1.00%
TGD
Mar 22
2.93
0.02
0.68%
10.93
PPP
Mar 22
6.24
0.05
0.79%
11.56
IAG
Mar 22
7.24
0.06
0.84%
3.60
8.13
GORO
Mar 22
12.65
0.03
0.24%
5.70
21.08
Overall, this portfolio held up pretty darn well on Friday given the beating that the PM's took… I think because the PM's themselves shook off the beating (a FUBM in Turd parlance). I see you are more weighted toward Silver miners … I am tending more toward Gold miners because they more undervalued on a quantitative, PE basis. I do own some RVM… it is a very small Silver miner, very small market cap., and thus pretty speculative… but it is profitable. I also own a small bit of USGIF. The bigger positions I hold are above, and I feel very comfortable with these. It is very important to either use the ETF's, or be diversified across many miners (thus your "top pick" comment kind of scares me)… I got a rude awakening owning GFI last year when South Africa police started shooting the striking miners… you never know when some kind of geopolitical risk is going to bite you in this sector. Don't put all your eggs in one basket.
Oliveoil, I feel the same way about John's newsletter… It's expensive enough that I would have a hard time pulling the trigger on it, even though I have some real money in the sector. Most likely, if he makes a new call and the market reacts to it (the particular miner jumps for no obvious reason)… I will see this and might just react to it myself… that's just the way I work… I let the market speak to me : ) Best of luck to all who are trying to catch the knife.