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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 173.01+0.6%2:14 PM EST

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To: Black Blade who wrote (29581)10/7/2019 9:11:57 AM
From: Black Blade   of 29599
 
RE: Been slowly dollar-cost averaging Gold miners recently..............................................................................

Added more CMCL and HMY and will add DRD to the mix. Since I am more inclined to buy "dividend" securities for income these tend to offer better payouts than most in the sector. I added DRD even though they now "mine" tailings at a profit they have an ample supply without having to go through the expense of adding new mines or engaging in reopening older operations. The only downside being that both HMY and DRD are in South Africa where the government is somewhat suspect. However, even CMCL has an operating mine in Zim (formerly Rhodesia). Also CMCL has the highest yield in the sector but also strong insider ownership.
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