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The precious metals market is currently drifting sideways as this period of consolidation continues. The mining sector is still relatively subdued as evidenced by the HUI which stands at 353.16 today, having traded at around 520 last October. This has led us to make a very cautious start in terms of acquisitions having opened just two trades thus far. There are a number of tempting possibilities out there, but given the way the market is drifting we are prepared to wait a little longer for better entry levels.
Having held a core position in the PM mining sector could have been thought of as something of a distraction for me, so in the interest of fairness I have disposed of it and the only stocks I will own will be those that are traded through Stock trader.
The following is a gentle reminder of some of the previous points that we have made
As regular readers will know we have steered clear of precious metals stocks in general as we were of the opinion that the inherent risks involved in the business of mining was not worth our hard earned cash.
For two years or so we avoided them, however, the risk/reward environment has improved to the point where we see a number of exciting opportunities on the horizon that we can take advantage of.
2013 could well be another hard year for the mining sector so timing our acquisitions and disposals will be crucial to our decision making process.
We will issue a trading signal to you via email as soon as we open or close a trade.
Please go gently with every trade and only risk what you can afford to lose. We will usually allocate either 5% to 10% of our funds to each trade.
The fee for this service is US$199.00 per year; there will be no 6 month subscription as we want you to stick with us for 12 months, which will allow us the time to prove our worth to you.
We are not financial advisers and do not give financial advice to anyone, only access to what we do in terms of trading.
Thank you for your time and remember that your comments are also very much appreciated.
Welcome aboard our new venture we do hope that you find it enjoyable and profitable.
Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;
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