Posted on 01/10/2012 1:56:43 PM PST by appeal2
Mickey Fulp, the Mercenary Geologist, says that 2012 will be a big year for gold, silver, mining companies, and commodities, including energy. Mickey knows from whence he speaks. He's been a professional freelance geologist for decades. When it comes to picking junior miners on the fast track, Mickey has a simple method of assessing their prospects. He goes to resource shows around the world, sits down with senior managers and asks the tough questions--and this is exactly what is needed. Mickey amusingly quotes Mark Twain's 100 plus year take on mining companies, "A mine is a hole in the ground with a liar standing next to it." Those words are truer today than ever before. Most new mining ventures, just like most startups end in failure. The key is picking the 10-15% that have the management expertise, ore quality, and proper capital structure.
While this sounds difficult, Mickey has been doing it forever. The other factor is buying low. Many junior miners will double and then lose 50 percent within the course of a year. So if you purchase the right company at the right time, this is a sure fire prescription for profits. Then after the company doubles, simply sell half and take your money off the table. What could be simpler?
What a self serving crock
Actually I meant to post this under “‘Doomsday Clock’ moved one minute closer to ‘midnight’”
Somehow it ended here. Come to think of it, it is just as appropriate here as there.
I see on the historical chart that January and February 2012 were gangbusters, and that was all she wrote. You know this article is 17 months old, right?
How did I get on this thread? WTF?
My apologies. I had been doing a search for an article with “gold” and “stocks” in the title, must have typed “goldstocks” instead, and somehow thought this thread was current.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.