Analyzing a Basket of Miners This is the sequel which I promised readers following my previous piece, “The Bullion Bulls Basket”. Before I get further into this, I want to remind readers that this is not an exercise in pointing readers toward particular companies, but rather in teaching/explaining to readers how to select and invest in these companies on their own. As I pointed out in the first commentary, we have been left with little choice when it comes to handling our investments. First, the vast majority of financial advisors demonstrated (via the Crash of ’08) that they were utterly clueless as to the level of vulnerability they had created for their clients. Following that ugly episode, these “experts” (on a near-unanimous basis) pronounced that “buy and hold is dead” – this being the strategy which they had consistently recommended to these same clients in previous years. As I also observed, warning their own clients that they could no longer trust the investments which these experts chose for them (over any length of time) is nothing less than an admission of their own incompetence. Telling an investor to “buy something”, and then whispering in his ear “…but don’t hold it for too long” is not financial advice which inspires confidence. Having thus been forced to take responsibility for our own investments, the obvious question to ask is “how can we possibly justify paying trading commissions to these incompetent middle-men?” For those who are unable to come up with a good answer to that question, we offer investors guidance in becoming their own “financial advisor”... full commentary: http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=17178:analyzing-a-basket-of-miners&catid=48:gold-commentary&Itemid=131
