From The Gold Report:
Rodney Stevens, portfolio manager at Wolverton Securities, believes investors speculating in precious metals must be disciplined to avoid gambler's ruin. While "disciplined speculation" may seem like a contradiction, it is key to Stevens' approach. Through both technical analysis and fundamental analysis, and a careful read of intermediate trends, Stevens has developed a concentrated portfolio of precious metal companies held both long and short. In this Gold Report interview, he shares where the sweet spot in the mining space is and advises how to limit portfolio risk.
The Gold Report: Rodney, in July 2007, StarMine rated you a top analyst for the metals and mining space based on stock recommendations and market analysis that generated a return of about 8% over the industry benchmark. The metals and mining space has changed a lot since 2007. What are some key ways your approach has changed in the five years since that rating?
Rodney Stevens: Since being an analyst at Salman Partners, my strategy has developed into a more disciplined approach to speculating, which now includes the use of technical analysis in security analysis overall and short selling. The disciplined approach involves...
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