“Unless You Need the Money, Don’t Sell Junior Gold Stocks Here” says fund manager Dave Kranzler in this MSE episode. Dave is the editor of the Mining Stock Journal. He returns to the program to provide his commentary on precious metals and reveal some junior gold stock picks. Dave holds an MBA from the University of Chicago with a concentration in accounting and finance. Over the years he has worked in various analytic and trading jobs on Wall Street. For nine years of those years he traded junk bonds for a large bank. For the past 16 years, Dave has been an avid student of the precious metals markets and steadfast proponent of holding physical gold and silver in one’s portfolio. Currently, he co-manages a precious metals and mining stock investment fund in Denver. Dave’s stated goal is to help people understand and analyze what is really going on in our financial system and economy.
0:00 Introduction
0:49 Junior gold sector investor sentiment
5:35 Trigger for gold & gold stock run-up
8:12 Calibre take-over of Marathon Gold
15:35 Mining stock pick #1
18:04 Mining stock pick #2
24:27 Mining stock pick #3
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#goldstocks #miningstocks #resourceinvesting
9 Comments
First!
"Active in the sector" = Jr bulls buying & selling to each other. Fresh money flowing in = Blast Off.
At this point, the bulls need to keep one thing in focus… How sweet it will be to say "I TOLD YOU SO", when the Jr space launches into outer space.
but i could be wrong 😜
It's great to hear from Dave. He's been around, he's humble and he's realistic.
Two Thumbs Up! 😊
I've waited 15 years and they're still underwater. Not selling but would never buy any more. Don't just walk away, Run.
Our financial system is disgusting. If I would have known how bad it was, I would have bought more physical Gold and stayed out of it. That being said, I will NOT be chased out of my investments after being gaslit for the past decade. The FED has destroyed investing based on fundamentals. How many people have had to sell at a loss based on years of these manipulated prices? This is criminal. I have added to all my mid tier miners and a few juniors by selling stocks I have gains in like FNV and WPM. I am out of cash. I added to FSM, AG, MAG, EXK, DOLLF, ASM and many others.
I'm 70% down in my PM portfolio
at 34 yrs old I got my 200k savings decimated but I'm holding for dear life though I feel sorry for the boomers close to retirement that lost their shirt
I hate those people that Fed us with beautiful stories in the last 3 yrs,
CPI comes in lower, gold/silver having a nice move, instead of the expected 20-30% moves, these Jr resource stocks lag behind. Just own a few producers, Barrick, Hecla, PAAS, whatever. There is money being made elsewhere, tremendous opportunity cost of holding these microcap stocks. Can't even get out most days due to poor liquidity. No, this has been a terrible place to have money, just happy I played it on a small scale otherwise I'd be out in the street. GL to those of you who remain invested, I'm slowly liquidating.
There’s houses in my neighborhood selling for more than the market cap of some of these decent looking companies! Take a look at Gold-Bull-Resources!
Hotdoggy Dog 🌭- Diamond 💎 🤚🏼 Hands 🤚🏼 Baby