You’ve barely heard from me in The Dollar Vigilante (TDV) Blog for the last few years in terms of my picks for gold and silver stocks. If you aren’t a TDV newsletter subscriber, where I comment nearly weekly on the markets and on precious metals stocks you’d think I’d all but disappeared.
However, Jeff Berwick and I have been on the same page that the market wasn’t ready for a heavy focus the last few years, and I’ve been helping our subscribers maintain and manage their portfolios and develop their broader macro-economic outlooks (which included a bullish call on stocks up until the end of 2013 that was not popular with most subscribers). Meanwhile, Jeff has done a great job in focusing on other areas that have had massive growth including bitcoin (up from $7 to $500 since he began talking about it in 2011) and now medical marijuana stocks, one of which, Organigram, just delivered a double since it was brought to TDV and TDV Golden Trader subscribers just a few weeks ago and went public yesterday at more than double the price our subscribers got into it at.
But, as Jeff has recently stated, we believe now is the time to buy gold and silver shares, if for no other reason because they’ve been abandoned by even the value investor. In the TDV portfolio, we have about 18 companies, and we are working towards rounding it out at 20 names.
Two of them have disappeared in takeovers in recent months: Osisko Mining and Papillon Resources.
The buyers are companies that are already included in our portfolio (i.e. Agnico Eagle, Yamana, and B2Gold) so we have not lost the assets altogether. But it gave investors a bit of liquidity and nice gains for those who bought along with us, as we suggested, and it left room for us to bring in a couple of new picks. I will be telling you about them soon (of course subscribers will get first access – you can subscribe here). Importantly, the timing is good. What we see now is that most gold/silver shares have been bottoming for over a year. Some have been rallying through the year, like Agnico Eagle.
This post was published at Dollar Vigilante on August 26th, 2014.