i'm starting to re-think my approach. i used to look for companies that had real assets that could become mines. but then when i got lucky and found something like aurelian or mag silver, it would get bought out before it could reach its potential.

this weekend i heard an interview with bob moriarty. he said that when it comes to resource stocks, to look for a company that has no assets, is run by a pedophile, and the accountant is about to go to prison, because those are the ones that will go up 50 times in the bull market.

in a strange way it makes sense. those companies have been beaten down to pennies, and if the gold and silver markets ever do what they're supposed to do, those stocks have the most room to appreciate. but for now, most of my money is in the producers and near-producers.