Stay in cash right now, or......

For you guys that love to invest in gold, may I suggest one important point... Invest in the commodity itself.  Don't make it more complicated than it needs to be .

By investing in a miner, you need two things to go right.. The price of gold, and the miner to operate his business effectively.

How is this different than any other commodity, than say Oil ?  Because gold has little utility and is looked at by the investment community as a "hedge".  So, make your life simpler, and buy the commodity itself...

 Update: we are allowed 5,500.00 per year into a tax free savings account a [TFSA] . our $ is .765  of yours when order went thru 27 shares @ 147.20 . so 2 plays hoping stock runs to 183.00 and our dollar backs down to .70cents where it should be to compete with your fine country in our up and coming trade talks thanks to your new elected president. Closes to  day @ 136.74      a poor start!!!!                                                               One year later: Hope all is well with everyone!!! 2017 was a beauty year i'm sure for all. This Update finishes off a 1 year run on McKeeson. All done in side a Canadian TSFA ACCOUNT. Our Canadian$ moved up .045 cents, wasnot counting on that. That sucks actually!! Sold off at 174.20 @ 10:20 am this morning. 729.00 profit + 3 small divi checks (27.50). Going to stay in US$ for a bit to see how NAFTA shakes out and to also not absorb the 4.5 cent loss on $. all in all 16.29% profit for the year. We are allowed another 5,500 for this year so will look after the superbowl for a new venue or sector. Peace!

In addition to purchasing AMFE back in Sept, I also bought Synchrony Bank (SYF) at $30 and it has gone to $39. Real-life reason i bought - I wanted to buy a CD and the brick and mortar banks are paying crap so I moved $20K out of wells fargo and into SYF for a better rate.  Have to believe a lot of other people are doing the same so think the growth is with online banks vs the usual guys. Just not sure how much more this market has to go before a correction, and it might be a big one.

I dont know alot about the stock market but I started a thread on AMFE which I bought in Sept. I'd appreciate any opinions on it from the more savvy investors that post here. It's a "pink sheet" penny stock now at .19 but on the move (I think!)

Yeah the oil/drilling stocks are starting to perk up a bit...I've been sitting on several a long time waiting for the eventual move higher in crude...so far so good.

BP or COP or RDA I wish I had bought some when I bought some of the others, the divi yield back then was just amazing...but I went looking for more return and risk than divi yield.

I have had an overly underweight percentage (3%) of my portfolio invested in the XLE for two decades. For two decades I have seen all of my other assets double, triple, quadruple, or even go 10x of my initial investment while I have waited on energy to make me more than a minimial dividend (currently 2.58%). 

My rationalle on this investment is that the world needs energy, including oil. The reality is that this investment carries an opportunity cost that has cost me somewhere in the neighborhood of 40K up to 80K or more compared to portfolios average gain. It's like watching paint dry or holding a 2.5% CD for two decades. I suppose every dog has its day in the sun, so I will hold on for now......but my optimisim is muted.