Investing in Gold Miners? Look To This Strategy Right Now | Kitco News

If you want to get some skin in the mining game, you might want to look at taking this strategy right now, this according to independent investors and popular Kitco News contributor David Erfle. Speaking with Daniela Cambone, he said that he is still waiting on confirmation that the bull market for gold and silver miners will continue. He added that the GDX & GDXJ would need to close above a specific weekly close level for him to get that confirmation. Erfle added that for new investors to the sector, it is best to stay away from individual mining stocks. ‘I would buy a half position in the GDX and GDXJ and then wait for confirmation that the bull has resumed.’ Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com -- Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews --- Kitco News on Facebook: http://facebook.com/kitconews --- Kitco News on Google+: http://google.com/+kitco --- Kitco News on StockTwits: http://stocktwits.com/kitconews

Comments

1. Well the guy didn't said much. Most important in my opinion : Production growth, AISC, Positive Cash Flow, Low debt, EBITDA, ROE, high grade gold mines