Coach does not disclose how many different PM companies he owns significantly, but about 7 is the number I like, simply because that's about all I can properly follow and assess.
One can almost add Orko Silver [OK] to his leader list, a steady gainer now pushing $3 from an early 2009 low around $.30. Other than GPR which is back up to $4.50 today, all my others had a promising beginning spurts like ECU, then faltered there. Some are even retreating from great spurts last year [NSU and SFMI].
Here's my point..... 2 of 7 JPM big hits plus lots of silver can more than make up for the late bloomers. Remember the old adage, "Eventually with high G&S, even the turkeys will fly". Well, ECU is no turkey, but it is doing a sea gull thing to fake out the fish. Once it picks up a full load, it will rise quickly. The turkey's must wait for the 2012-2016 tailwinds.
Can you believe that silver has been an 8-bagger since 2001? That is a 700% gain ot 70%/year. And we can sell it up to 10% above Comex price! I did buy those 2000 half ounce silver rounds at under $34.50 recently, and am beginning to wonder if the PM shares will even pull back from here. I parked the rest from sale of 40% of my GPR in XOM, awaiting an opportunity to buy more ECU and EXN, my 2 laggards with the greatest upside leverage potential.
ECU is up still 2.3 times from my average buy price [130% over 5 years]....a bunch bot at under $.30 in late 2005, and small amounts more from $3 on down at most every pull back down to $.40 in early 2009. I dont know how else to do it except to hold quality stocks and add on waskness, and overall, the shotgun approach works best now in this Stage II [accumulation stage]. I do not short stocks, and only occasionally use option hedges [a better choice for me than shorting].
In Stages I and III [piblic greed stage to begin I believe in about 2012-2013], they pretty much ALL rise, and the turkey get a once in a lifetime thrill. Coach knows this as well, and that is why he scraped the cubbard in early 2009 to reload...no guts, no glory ......pic
