Re: jmreport
posted on
Apr 11, 2008 12:49AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I don't think Sinclairs target is overstated, but timing is always the key. When in the course of the 20 year bull?
If we take for example the possibility of gold going up to a level substantially less than that in 09/10 (or 10/11 depending on your expectations). What happens to silver/gold juniors who may have masses of potential ounces under the ground, but none of the spectactular gains as seen with the majors, who have largely profited on the back of the gold bull to date, coupled with takeovers.
The majors carry the % weighting in the HUI/XAU, and naturally we would expect a price drop in the HUI/XAU to be coupled with selling of majors, but should we expect Canadian juniors to sell off in the same fashion regardless of market cap potential or performance because they are sitting in the same sector within the US, or, because they are stocks, or ,even assuming that reported financials dont include the next 'interim' top? which would mean the benefit at that stage isnt in the market cap anyway.
Much of investment advise is based on pure analysis of the metal with a metal focus, or on the main US indexes, unfortunately, and for those new to this sector, becomes difficult to gauge how to react to market fluctuations shall we say.
I found this site especially useful in this regard, and as long term a pm stock history as I've found anywhere. The potential for the shares by far outweighs the metal, perhaps Sinclair, and those at le Met could be encouraged to widen the diversity of their predictions?
what do you think? (I dont participate in either BTW)
http://www.bgmi.us