Quote:
Originally Posted by RummyBoy
Good call...... but which ones?
Ive always liked low cost Yamana Gold (AUY) but what else do you recommend? A lot of people think there's could be a junior miner boom as its easier for the big players to acquire a junior who's renovated a new mine and got it ready than to dig it out themselves especially when gold prices are relatively low.
Id stay well away from Facebook esp with a P/E around 100 - I think this market is a bubble and when it comes tumbling down, Facebook is one of the first to get hit.
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I don't like junior because they don't have enough cash flow if gold prices will continue to drop. I like big one's which like Newmont or Barrick.