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Tom Winnifrith Bonus Bearcast: Bell, Adams & Bird are only heros because gold is going up, right?

Tom Winnifrith
Saturday 22 August 2020

I start this bonus bearcast prompted by your emails and comments while I started to make some Damson Jam with Joshua with a few comments on the wisdom or otherwise of averaging down with reference to Wishbone Gold (WSBN). Then I look at NoGold’s claim ( poor fellow having no gold exposure of late) that gold is being driven higher by herd behaviour. Finally I am told that Messrs Andrew Bell (Red Rock Resources -RRR), Colin Bird (Xtract esources – XTR, and others) and Harry Adams (Kefi) are only looking like heros, rather than zeros as has been the case for many years,  because gold is going higher. Referencing also Mr Kerim Sener of Ariana Resources (AAU) I discuss this and the nature of investing in mining stocks. 

About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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