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#1 2016-06-14 08:36:35

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,325
Trades :   139 
Website

Bullion Baron: Bull Market in Australian Gold Mining Shares

61_bullion_baron_header_ss.gif

It has been a long time since I've written about gold mining shares, but thought I would touch on them briefly given the explosive upside action we've seen over the past 6 months.

I posted the following on Twitter late last year highlighting the bull market in gold stocks... Read More

CONTINUED: Bull Market in Australian Gold Mining Shares

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#2 2016-06-14 17:18:20

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,901
Trades :   36 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

However, my view is that this bull market in gold stocks is only just getting started. That doesn't mean I think you should go and dump your entire life savings into gold stocks tomorrow (all your eggs in one basket as Mudie puts it), but I do think it's worthwhile having a healthy allocation to precious metals in the current environment and a portion of that allocated to the more speculative miners. You could stagger your entry, as Houses and Holes put it on Macro Business today...

    "The prospect of a convergent Brexit and Chinese slowdown should leave Aussie gold investor breathless given it will both boost the yellow metal and trash the AUD.


Should we buy gold stocks abroad then if AUD is going to go down? If so, from where?

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#3 2016-06-14 17:24:24

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,325
Trades :   139 
Website

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

Falling AUD also means higher AUD gold price, increasing profit margins for local gold mining companies. This has no doubt been one of the reasons Australian gold mining companies bottomed much earlier than those in the US.

But if you wanted exposure to global miners you could consider something like the GDX which I recently found out is listed on the ASX.

Personally I'm not interested in spending the time to learn enough about the rules of a foreign stock market to invest internationally (and probably don't have enough capital free to allocate to consider it worthwhile).

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#4 2016-06-14 19:25:56

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,964
Trades :   11 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

(I don't believe we'll see a Brexit without an accompanying European banking crisis)

right on schedule.....:cool:

What are the odds that the referendum will get pulled somehow now? Pretty short I'd say roll

Last edited by Caput Lupinum (2016-06-27 09:00:17)

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#5 2016-06-14 22:28:22

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,901
Trades :   36 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

^ Thanks!

Does that mean it was a good move me buying BRI gold mining stock off the TSXV?

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#6 2016-06-27 09:07:35

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,964
Trades :   11 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

Caput Lupinum wrote:

(I don't believe we'll see a Brexit without an accompanying European banking crisis)

right on schedule..... cool

What are the odds that the referendum will get pulled somehow now? Pretty short I'd say roll

Last edited by Caput Lupinum (2016-06-27 09:08:36)

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#7 2016-06-27 10:59:36

alor
Silver Stacker
From: Pulau Alor ;)
Registered: 2011-06-16
Posts: 4,541
Trades :   39 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

Northen Rock likes to sink under water


Hear Say See -> N o t h i n g
May this stacking hobby be my blessing smile

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#8 2016-06-27 16:52:22

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,901
Trades :   36 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares

Caput Lupinum wrote:
Caput Lupinum wrote:

(I don't believe we'll see a Brexit without an accompanying European banking crisis)

right on schedule..... cool

What are the odds that the referendum will get pulled somehow now? Pretty short I'd say roll


Your congratulating yourself on a 2 week old post of yours but that you edited today and that didn't originally contain what you are congratulating yourself on. That post of yours was originally about wise move buying stocks off the TSXV as I questioned you about in the next post.

You congratulate yourself on something you cheated on. At least when I congratulate myself on something I predict I don't cheat. tongue

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#9 2016-06-27 23:45:02

alor
Silver Stacker
From: Pulau Alor ;)
Registered: 2011-06-16
Posts: 4,541
Trades :   39 

Re: Bullion Baron: Bull Market in Australian Gold Mining Shares


Hear Say See -> N o t h i n g
May this stacking hobby be my blessing smile

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