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Mining stocks?
BleachedAnusDawg
Member Posts: 13,773 
I put some of my IRA cash in a MF that includes a mining stock. Reading more about mining right now and people say this is a time to buy. Anybody following this sector?
Comments
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Loosely - main players are RIOT and MARA. SOS is a big meme stock, but keeps getting shelled by shorts and bad press.
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My XME (Metals and mining ETF) is up 57 % since I first bought in October of 2020. The shares I bought in March 2021 are up 9 %.
Top ten holdings of this fund are NUE CLF X CMC STLD AA NEM RS RGLD and CDE.
Thanks for the question. I will take a look at these stocks and buy those I like instead of buying more XME.
Analysts seem to prefer NUE STLD RS and RGLD.
C'mon. Any input is appreciated. -
Guess I should have clarified - what kind of mining? Rocks or crypto?Sources said:Loosely - main players are RIOT and MARA. SOS is a big meme stock, but keeps getting shelled by shorts and bad press.
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I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said: -
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
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I work in commodities and the last few weeks have been pretty quiet. Talk was the rally got too toppy and we were going to see things stagnate. Last 12 hours have been nuts and the bulls are now out in force. It was probably just a reset over the long Easter holiday. I'm going to keep buying through the spring as I think we are in for a very strong summer in metals and other commodities. The semiconductor shortage is a concern but I think there's more than enough headwind to overcome that.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use. -
I really like the silver mining play. There is a silver shortage currently, so as demand increases so will the price.
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greenblood said:
I really like the silver mining play. There is a silver shortage currently, so as demand increases so will the price.
Silver is important in the production of electric vehicles. Best conductor of electricity out there. Lot of other commercial uses. It's a relatively small market so getting a little exposure there/either way it may be interesting if the reddit bros decide to make a practice run at it.GDS said:
I work in commodities and the last few weeks have been pretty quiet. Talk was the rally got too toppy and we were going to see things stagnate. Last 12 hours have been nuts and the bulls are now out in force. It was probably just a reset over the long Easter holiday. I'm going to keep buying through the spring as I think we are in for a very strong summer in metals and other commodities. The semiconductor shortage is a concern but I think there's more than enough headwind to overcome that.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
It takes forever to get a gold/silver mine into production - and given where prices were 5 or 6 years ago, there's not a ton of new mines coming online any time soon, particularly in relatively safe political countries like the US. Some crazy shit goes on in Africa where all of a sudden, the mine owner isn't any longer when the government in power decides they want it.
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You mean tailwind, not headwind.GDS said:
I work in commodities and the last few weeks have been pretty quiet. Talk was the rally got too toppy and we were going to see things stagnate. Last 12 hours have been nuts and the bulls are now out in force. It was probably just a reset over the long Easter holiday. I'm going to keep buying through the spring as I think we are in for a very strong summer in metals and other commodities. The semiconductor shortage is a concern but I think there's more than enough headwind to overcome that.EwaDawg said:
Metals/Mining are my go to safe haven when the market gets pricey. Add stimulus spending, and yes, I started buying in the fall as well. Also, alcohol and tobacco. They seem to do well in stagnant times.GDS said:
I think with stimulus being pushed all over the world including here there's talk of another commodity super cycle ala 2006-8. I've been buying since the fall and still am.BleachedAnusDawg said:
I stay away from Gold, though. Like others have said, it has little use.
