Buy some Alamos Gold Shares on a pull-back (weak day), if you want some Gold exposure through a Gold mining developer with progress. It acquires, explores, develops and produces Gold. The Company has Exploration and development activities in parts of Mexico and Turkey.
However, I cannot reiterate enough that the mining share sector is endemically cyclical, and These cycles are usually unpredictable in terms of how long they last and the extent of price movements in both directions. The theme for Investors then must be one of setting Price Targets and of taking profits. Always be aware of the underlying macroeconomic situation as it affects metal demand and prices. Mining Shares often bottom out well before the metals cycle turns up. Never fall in love with a mining share. Stick to profitable mining companies with lots of cash, no debt and high grades. Small is beatiful. Every mining operation is grade dependent. Do your due diligence. The mining sector has been (and still is) enormous fun to follow and invest in.
The mining sector is very volatile and risky, but without risk no fun, so I wish you good luck.
Do not forget:
"Whenever you find yourself on the side of the majority it is time to pause and reflect." (Mark Twain)
Best regards,
Larry
However, I cannot reiterate enough that the mining share sector is endemically cyclical, and These cycles are usually unpredictable in terms of how long they last and the extent of price movements in both directions. The theme for Investors then must be one of setting Price Targets and of taking profits. Always be aware of the underlying macroeconomic situation as it affects metal demand and prices. Mining Shares often bottom out well before the metals cycle turns up. Never fall in love with a mining share. Stick to profitable mining companies with lots of cash, no debt and high grades. Small is beatiful. Every mining operation is grade dependent. Do your due diligence. The mining sector has been (and still is) enormous fun to follow and invest in.
The mining sector is very volatile and risky, but without risk no fun, so I wish you good luck.
Do not forget:
"Whenever you find yourself on the side of the majority it is time to pause and reflect." (Mark Twain)
Best regards,
Larry