Does MM like Gold Stocks For Income?
Hi MM People. firstly - many thanks for your informative daily reports; they continue to help me on the never-ending quest to become a better investor. My question is about gold stocks, and what MM's view is about their suitability for an income-orientated portfolio. I have always resisted investing in gold stocks due to the unpredicatable cyclical nature of the sector. Close to two years ago I persuaded myself to try a gold stock - Regis Resources. It has been a disaster, one of my worst performing stocks that has generated a big capital loss (paper at this point but could soon be realised) and very little income. It seems to me that the traditional position of gold stocks being defensive has largely broken down. I would be interested in MM's general views on gold stocks for income investors, and any comments you have on RRL specifically.