Rocks And Stocks WhatsApp Group Is Turning Into A Great Place To Discuss Rocks And Stocks

I’m really happy that I recently started a WhatsApp group as several have joined in and we are having great conversations about my favourite topics, rocks and stocks.

I was asked a question by one of the members of the group that prompted me to write this article. By the way, if you haven’t joined the WhatsApp group and would like to join, click on this link.

Question from the WhatsApp group: “Hi again Allan , I own a few of your picks which I purchased before joining your group and have seen substantial gains . I am of the opinion that when you have a winner let it run to make up for losers so I do not plan to sell at this point hoping for buyouts .When you are personally in this situation do you just let the equity run or at times do you consider averaging up. I understand a lot has to do with risk tolerance but are there certain situations where you would do this?”

I think the best strategy would be to sell losers and average up on winners. Especially considering we are in the earliest days of a metals bull market. Being comfortable with this strategy requires you understand the trends in the metals and know why you own the companies you hold very well.

Let's use gold as an example. Understanding what is driving it is crucial. The Death Spiral of Debt is the primary driver. The central bankers are loading up because they know the debt and fiat currency system is broken.

While this is happening supply peaked in the past few years and the gold miners are struggling to increase production and replace what they are mining. The supply chain is broken and there aren't enough high-quality gold mines in development and too few gold explorers with important discoveries.

As long as the debt and fiat currency system is broken and the gold supply chain is broken, I will maintain a bullish stance. Neither of those are going to be fixed for many years.

Meanwhile the world is going back to the Gold Standard and if it is anything like back in the 1960s, gold will be priced at multiples of its current price. If that is the backdrop and you own gold miners that are making lots of money, or developers with high-quality projects, or explorers with important discoveries, you should be able to significantly outperform gold and the indexes.

In Closing

Below the question is my answer and I wanted to present both the question and answer so that folks who follow my reports can get a feel for what is happening in the new WhatsApp group for Rocks And Stocks News. Please join up if you would like to have direct chats with me and others in the group.

There are plenty of social media sites and I focus on certain ones. Substack is where I post all of my written reports and interviews. YouTube is where I post my video reports and interviews. X (formerly Twitter) is where I post comments during the day.

Now I am spending a fair bit of time on my WhatsApp group as I enjoy the questions and answers as it gives me great feedback. Plus, it is private so I can be more freewheeling and post things as news is breaking that affects metals or stocks.

All the best,

Allan Barry Laboucan