I am in Barbados this week, enjoying a huge sunny breaking wave...when all of a sudden, I hear whining from the back row?
Who could this be?
It is NOT an investor.
If U were a large investor, and had many millions to invest in a gold/silver mine, what company would you buy?
Would U buy the company that was overvalued, or would U look for a bargain basement company to buy with the largest possible upside.
Of course, the answer is the latter.
When U buy a gold/silver mine, U are looking for the most silver/gold (in the ground) for the least amount of money. U are looking for skilled management, and a great property with huge potential for exploration and development.
ECU has the lowest price for the most amount of PM on the market right now. It doesn't matter why this is...only that it is bargain basement day again in ECU land.
Every day I wake up and ask myself, "Is ECU still the best gold/silver bargain around?"
I continue to buy and hold - even selling my overperformers - until something happens to change this view.
When we buy ECU shares, we are buying the mine and the land and the management. Keep in mind every day that we always want to be holding the BEST PHYSICAL VALUE. Otherwise, we need to sell and buy a better value.
Momentum trading is something totally different. I cannot swim and lie in the sun when I am trading momentum.
lotus petals,
gildage
