RE: Investing in the Best Precious Metals Stocks

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Investing in the Best Precious Metals Stocks

in steemsilvergold •  7 years ago 

There is profit potential in the mining companies when the timing is right. Be very cautious when trading the OTC markets though. Before opening a position get a list of the market makers and determine how many of them are "wholesalers" only with no "retail". If the majority of the MM's are wholesalers with no retail I would not open a position. This plus several dozen other indicators would determine how, when, or if I would open a position. Also when you have identified a potential list be sure to check their cost of recovery numbers and be careful with their "reserve" numbers as generally they are over stated.

Good luck with your trading. There is money to be made but do it with caution.

Unless you are a professional as I am I would recommend extreme caution in the OTC's.

Additionally I would identify the "float" and the number of shares owned by "insiders". This may lead to another reason to not open a position. One last thought would be to visit the SEC website and read their SEC filings very carefully. This will be very helpful. Don't forget to read ALL the footnotes too.

By the way your article was pretty good.

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