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<p>[QUOTE=&quot;Rono, post: 1358348, member: 6492&quot;]Howdy,</p><p><br /></p><p>Thanks for the kind words.&nbsp; I agree with you completely that mining stocks are very risky.&nbsp; I&#039;m sorry that I wasn&#039;t more explicit on this.&nbsp; I left it at most speculative and highest leverage.&nbsp; I&#039;m lax in that I figure I&#039;m preaching to an informed choir and so I have a tendency to leave out some of the more obvious warts.&nbsp; Indeed, the safest way to play the junior miners for gold is with GDXJ and with silver, the miner ETF is SIL.&nbsp; I own both, so please note that I&#039;m speaking &#039;from position&#039;.&nbsp;&nbsp; Running individual miners is great fun, but good God, do it for sh*ts and giggles and with mad money.&nbsp; My traditional IRA was a Price and via their network I was able to access penny stocks and pink sheet issues. It was a gas and I did OK [mostly because I was swimming with the current].&nbsp; &nbsp; But then I &#039;ve always been a little crazy.&nbsp; I moved my wifes Roth to EuroPacific for a while so that I could access international exchanges directly and get into some really nutzoid stuff.&nbsp; feh.&nbsp; You don&#039;t do it with the rent.&nbsp; This account was anchored by a health dose of PRPFX and NCV with BHP for ballast.&nbsp; That&#039;s how you moderate the risk of some of these issues.&nbsp; Use casino money.&nbsp; </p><p><br /></p><p>Why play?&nbsp; It&#039;s fun.&nbsp; Besides, you can occasionally make some real money.&nbsp; </p><p><br /></p><p>I&#039;ve always felt that silver was the play.&nbsp; Always . . . and from way back.&nbsp; ****, I was even one of the few that owned the original silver mutual fund - I think it was SLSLX or something like that.&nbsp; This was back in the 90&#039;s and I lost money.&nbsp; I was clicking my heels though and man, with silver under $5, it was &#039;back up the truck&#039;.&nbsp; </p><p><br /></p><p>We&#039;ve discussed it around here before about the long time ratio of gold/silver.&nbsp; Some of us give this credence and some not.&nbsp; That&#039;s OK.&nbsp; I use it as a tool to help me determine the specific balance of gold to silver that I want to own at any one time.&nbsp; Ideally, you could invest all your gold and silver in exactly the ratio and rebalance as it changes.&nbsp; Regardless, the current ratio is 1 to 51 and I personally think that it should be much lower.&nbsp; This tells me to overweight silver relative to gold - on the margin.&nbsp; The other metric is the gold/XAU ratio. It contrasts bullion to the mining stocks.&nbsp;&nbsp; The historic equilibrium level is 4-5 with lower numbers a Buy Bullion signal and higher a Buy Stocks signal.&nbsp; It&#039;s presently 8.6.&nbsp;&nbsp; Even though I think the bullion ETFs have raised the equilibrium level, this is still way high and a signal to me to overweight miners relative to bullion - on the margin.</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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