@arnie - personally I have lost faith in the miners (as a sector). Will there be individual issues that outperform? Sure.
That said, they have done a lousy job defending shareholder value. Also, the big unknown wildcard here is nationalization. The socialist liberals in Peru, Argentina, Bolivia and other geopolitical hot spots can't wait to nationalize resources, and you can rest be assured your favorite over-exposed miner stock will take a BIG hit when that happens.
I wonder how long it will take the world to realize that the safety of bonds is just a myth. It may be the catalyst to take gold to all time highs and beyond.
As I wrote in the other post, I would have loved to have some comments on the gold stocks, as I am sure pain in those loves company.
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@arnie - personally I have lost faith in the miners (as a sector). Will there be individual issues that outperform? Sure.
ReplyDeleteThat said, they have done a lousy job defending shareholder value. Also, the big unknown wildcard here is nationalization. The socialist liberals in Peru, Argentina, Bolivia and other geopolitical hot spots can't wait to nationalize resources, and you can rest be assured your favorite over-exposed miner stock will take a BIG hit when that happens.
I wonder how long it will take the world to realize that the safety of bonds is just a myth. It may be the catalyst to take gold to all time highs and beyond.
ReplyDelete