Replies to post #10638 on Value Microcaps Junior Miners

[yielddude]

kipp,

I've been buying mostly gold, such as GG, AUY, CEF, and DGP. I have a lot of HL and CDE as well, but have concentrating more on gold recently. I also have some junior miners that I have been holding for a year, but I don't look at, because it depresses me too much.

yield

ps - are you buying any physical gold/silver? If so, can you tell me who you trust to buy from, either by PM or public response. Also, thanks for the basic points over the last year.

[crk]

kipp,

Thought you were waiting until the de-leveraging of hedge funds due to CDS tsunami is over and the YEN has made a 25% move against the USD? Due to think that last Friday's de-levaraging movement is the bottom for these undervalued juniors?

Thanks in advance for your opinion,
crk

[cl001]

Kipp, I am thinking to use this strategy: Since most gold miners are priced in 500 dollar or less gold, why not long low cost gold miners and short some gold as the hedge? If gold stabilized, I should make a lot of money long the miners as the cost from oil to labor are coming down. If gold comes down, gold miner may or may not come down as it is already priced in a lot lower gold, but I am making money on the hedge. If gold goes up, I will lose money on gold hedge, but make more money on the gold stocks as they are likely to outperform.
I have been shorting oil and long low cost oil producers like POE.v, so far so good, even as oil tanked.




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