If you believe that it is the beginning of a Bull Market-STOP-TRADING and let the hand picked stocks BREATHE. 1) A rising ship brings even the row boats higher
2) Never confuse brains with a bull market.
I wish for those investors who have a conservative goal for yearly returns, to consider buying into my “secret” with a small percentage of their portfolio .The idea is , to invest in a fund that will provide your portfolio as a kicker if I am correct that a new mining BULL has started. Starting In 2002 through 2012 , having started with $150,000 , the next ten years I had disbursements of $6 million.
At the end of a precious metals bear market, typically the shares of miners are down 90 percent from their high. In 2002 I ‘per chance’ , believing that the bear was over bought into these miners after doing much due diligence. Part of the “secret” is , the inherent way “percentages work”THEY GREATLY FAVOR a known risk of 100 percent, if it drops to zero, VS a return of 400 percent , 1000 percent, once the gold and silver fever hits , and each company can cover it’s fixed costs.
That bull I rode, ended in 2012. Since that top It has been 11-12 years of the same arduous battle for these miners to stay afloat. I have a small list of these survivors, many of which have mined before, some having proven reserves and permits. My last rule is I try to stay with North American miners
Traders are a lonely group, for if one does extremely well, He is a braggart if he /she mentions ‘ I made “a million last year “trading at home’ ” , so please understand, I have to ‘let it out” for your ‘due diligence’
Ater twenty years at the Philadelphia Stock Exchange I was a trader for Spear Leeds and Kellogg , and ended with Goldman Sachs as one of their few OPTION SPECIALISTS.
I consider these miners AS OPTIONS THAT DO NOT EXPIRE< with assets in the ground that trade for pennies on the dollar /per their resources . You cannot imagine, after a lifetime of trading for “quarters” , what it is like to buy and watch!!
R.Duff Gordon Wharton, 77 BS in Econ / Accounting HAVE MOST TRADING RECORDS!
Ready to Ask For Funding for your company?
Post a Funding Request