How To Know Everything About Gold & Silver Miners!

Ok, I have a little bit of time so I want to share with everyone here who has an interest in learning more about gold and silver mining companies and wants to hear directly from the companies themselves. This is how to BEST get unfiltered and factual information without relying on the worthless financial media which always is late in reporting or skips important details.

I personally dont make much use of the SEC info as a trader however investing wise, this is the way to do it because by law all companies must report what they are doing in their reports and every single detail of what they do, how they do it, their costs and outlook are detailed in their reports. This is way better than any source info out there and really this is where it all starts.

By following companies on the SEC web site you can-

* See who is investing and divesting LARGE positions in gold and silver miners. Please keep mind tho there is a major lag in their reporting to the SEC, which they are allowed to do. Which, to my point, shows you why PRICE action tells us WAY before its reported what is happening. Nonetheless, you can see if big funds and institutions have indeed cut back or added if the positions are 5% or more.

* You can read directly what the company is saying directly about future prospects in plain English, how they will handle production costs, project and contractual obligations and other risk factors. You will get a grasp for what costs are for them.

Keep in mind these reports are very long and have every single detail spelled out to the penny. In many cases they can be confusing and outright boring. So here's how to get to the most important part of the reports. BTW, for you investors in the market, you can also use this SEC info for any other stocks.

OK HERE WE GO!!

I am going to use Newmont Mining as an example, follow these steps and you can expand your knowledge about the miners.

1. go to sec.gov

2. On the main page go to the box or heading that says "Search EDGAR For Company Filings".

3. Go to the box that says "Fast Search" and type in the companies stock symbol. Type in NEM which is the stock symbol for Newmont.

4. When you search EDGAR, it pulls up every single form that the company has filed with the SEC and you also will see reports listed as 13Gs. The company will have filed with the SEC press releases and various other forms which could include officers of the company selling or buying shares or exercising options on company stock, financial documents related to company costs or projects. There is a wealth of data there.

I mentioned earlier the form 13G. By law, when any bank, mutual fund or investor purchases over 5% of the shares, they must file a form with the SEC and disclose it within a specified time. This form lags as the SEC allows them to do this so that other market participants don't know exactly who is doing it. Again, the only thing that would tell you is: PRICE ACTION. BTW, if a big fund knocks down their 5% position or more, they must also disclose that. Please keep in mind again, this info lags the market place reaction.

5. Now if you really want to know what NEM is estimating cost wise per project and how they are managing costs and what they are saying about the future of their industry, you want to click on the "10-Q" document. Click on it and open it up.

6. This quarterly report breaks EVERYTHING DOWN. A lot of info and feel free to read the entire report. However, what you are looking for is the line that states, from the table of contents "Managements discussion and analysis". This is the meat of the report and it says everything in pretty much easy to understand language. Here you can see costs, guidance, how they hedge and even learn what RISK factors they see going forward.

And that's it! Now you can keep up to date what the gold and silver miners are doing and you don't need to have the facts filtered by the financial news media. You can learn and judge for yourself what is really going on in the gold and silver mining sectors.

I hope this plethora of information helps everyone learn more about gold and silver prices and miners.