Well i inherited my bank stocks and i like the dividend stream and i would have to pay a lot of capital gains tax if i sold them and of course it is good to hold the banks as a counter against the gold stock gambling.
I don't think anyone should gamble wholly on gold stocks way too risky.
No one knows where the POG is going. And these smallish gold miners are so volatile that they can cost you a lot of money if you aren't careful.
The past year i have done quite well on the gold stocks but the two years prior to that were dreadful. Unless you were shorting you were probably losing.
My favourites at the moment are TRY for medium term hold, SLR and RMS.
I think these smallish stocks have good potential but it still depends on where the POG is going and that is still not clear to me.
MML Price at posting:
78.5¢ Sentiment: Hold Disclosure: Held