This is it (or close to it hehe)
This is by far the best investing environment in junior miners I have ever seen.
I remember getting nosebleed greedy during the 2015-2016 bottom right before the best quarter rally of all time.
I am getting that same feeling right now but this time around gold is at $1,780 and the miners are printing cash which is in stark contrast to 2015/2016 when almost every miner was on their knees.
I have no clue. Literally no clue. How anyone could be selling juniors right now.
I might have to wait a life time for another shot like this.
So what that there is always potential for more downside in the short term?
The upside potential in many of these juniors is like hundreds of %.
When you can be brain dead, throw darts and hit ridiculously undervalued companies then you know you are near a bottom.
So what if it takes months or a few years for a 300% return. That’s killing it.
What I expect in the coming 12 months:
- Either I am down 30% (Which would be short lived)
- Or…
- Up 100%-300%
The sector is so cheap overall that stock picking is taking a backseat to simply having the fortitude to HODL.
Never seen less trade off when it comes to diversification. In other words I don’t think heavy diversification will lower returns that much and one will sleep a lot better at night.
Ps. I do not ever use leverage because I don’t want exact timing to be a potential killer!
Only the strongest of value investors are capable of buying bottoms in miners because the chart always looks horrible:
NOTE: NOT INVESTMENT ADVICE!
