Doing well a market basket of gold juniors/mid-tiers here on Caps. They were hammered
when the market went down and/or gold prices went down. I think that was a market overeraction coupled with a historical market queasiness with juniors especially since the 70-80's price manipulation and fraud. I am not a "goldbug" who believes gold will be at $2,000+ at years end but $1100 or so would not be unforseeable. That being said I see opportunity in gold and silver due to market uneasiness in choppy economic times coupled with deflationary/ inflationary worries. I have not decided on my silver plays yet.
I believe the best way to play this sector is North American play and several producers to limit fluctuations. I would load up on CEF and/or GLD but the payoff on juniors is higher. I I have in my Caps portfolio ANV(Allied Nevada),AZK(Aurizon Mines),UXG(US Gold) and unfortunately GRS(Gammon gold). Why Gammon is being hammered is beyond me but reinforces the market basket approach to junior/mid-tiers.
I also like presently unrateable stock NXG( Northgate), VGZ( Vista Gold), PEZGF.OB( Pediment Gold),RVSDF.PK( Riverside), ANDPF.PK( Andean resources), SFEG.OB(Santa Fe). The latter four were mentioned prominently in a Seeking Alpha articles along with orther producers. I have below a link to one such article from the fine folks at Seeking Alpha. All best...J
Disclaimer: I own both VGZ and NXG in my real life portfolio unfortunately at much higher prices. I believe current prices give agood entry point but please do your own due dilly. http://seekingalpha.com/article/117561-we-ve-heard-it-before-but-rbc-thinks-worst-is-over-for-junior-golds?source=yahoo