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tiesto

02/28/13 3:28 PM

#29904 RE: gold80302 #29903

I was investing in the miners 10+ years too. The problem is that no matter how high gold/silver get the miners always seem to underperform. Sure, there may be a few weeks where they go up, but you can bet they will sell right back off and go right back to fresh lows. If you look at the charts of most miners over the past few years they have severely underperformed. The only way to make money in them is to trade them or short them. But, you can do that with just about any sector. I switched to oil over the past couple of years and it's nice to actually buy a stock, not trade it and look at excellent returns over time. Everyone has to do what works for them, but these miners have frustrated me to no end and my portfolio (although hitting new highs now) would be multiples higher had I steered clear of this sector all along.

My question would be "why would anyone invest in this sector?"