|$$$ At Discovery Board, we focus on speculative plays in natural resources. Mostly gold and silver. Sometimes other precious metals, rare earth, or energy. We are not immune to trading, but we buy and hold core positions is special situations that we think have promise.|
I see the market here being fickle about exploration plays so I have reloaded with plays that are more attuned to the price of precious metals. Each has a particular story that I feel picks up points with the players as it becomes better revealed.
TOP HOLDINGS BOTH GET A CLEAR RIDE ON HIGHER GOLD PRICES: FRANCO WARRANTS, CLAUDE WARRANTS, SANDSTORM GOLD WARRANTS.
$$$ LEVERAGE TO THE PRICE OF GOLD Franco-Nevada Warrants of March 2012, strike c$32.00, no cap. Stock now closing in on $34.00.
$$$ GOLD PRODUCER ~ Claude Resources, CGR / CRJ.TO. I own the warrants, CRJ-WT.TO. Strike price of c$1.60, good until May 2013. I am in this because sometime this year I think they are going to make an important announcement about reopening Madsen mine shaft and mill, which they own along with 10,000 surrounding acres of land that includes past high grade underground gold mines besides Madsen.
$$$ SANDSTORM - GOLD CASH FLOW play like Silver Wheaton. SSL.V I own the ssl-wt.v warrants. They expire in 2014 and each warrant is like a call on a share of SSL at us60 cents.
My choice for leverage to the price of silver is:
$$$ SLV calls, $40 calls of January 2013.