ms: Virtually every gold and silver mining stock is going to be higher by year end than they are right now. The macro economic set up for precious metals is the best its been in 40 years. This is a once or twice in a lifetime opportunity. Ther is no other place to park money. Bonds are worthless with yields below the inflation rate. Cash is falling victim to the Fed's money printing. General equities are in the worst bubble since 1929, perhaps the biggest bubble in history. Real estate is in a bubble, fueled by artificially low interest rates that cannot stay this low forever. When you have Central Banks all over the world creating vast amounts of fiat currencies out of thin air you HAVE to be invested in precious metals and the miners with a significant portion of your net worth. Personally I'm a bit of a gambler and currently have over 80% of my net worth in mining stocks and ETFs. I don't recommend that for others. But certainly a minimum of 20% would be prudent. That being said you should probably obtain a core ETF position in GDX, GDXJ, SIl and SILJ just to have sufficient diversification among companies and regions. Then you can spice up your portfolio with some small ming stocks like GLDLF, which I view as the best of the small company options out there. I also own MUX and NGD, but of the 3 I definitely am highest on GLDLF. I can't say if the stock will double by year end. But it would not surprise me. What I am pretty confident about is that this stock will be, at a minimum, at least a 4X or 5X stock eventually. And that's my conservative opinion. A price target of $20 eventually is possible, if not likely. I would add some soon. All the mining stocks are going to resume their bull market after next week's FOMC meeting. Craig Hemke of TFMetals Report predicts a strong September to December rally. And his predictions have been spot on this year.
