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September 21, 2018 | Red Flags for Investors

Six months ago, something called VRify Technologies published a very funny spoof video of some of the nonsense employed by investor relations (IR) people in the junior resource space. They’ve just published an equally humorous sequel, with cameos by my friends Rick Rule and Brent Cook. While I found the IR hack in the videos […]

September 20, 2018 | Trade War vs. Commodities—There Is A Winner

There is a widespread notion among investors, analysts, and pundits that the escalating trade conflict between the US and its trading partners is bad for the global economy. This is no stretch. The leap from there to it being bad for commodities is understandable, but less certain. Still, people who should know, like those running […]

September 18, 2018 | Truth or Scare

Infamous Canadian stock promoter Murray “The Pez” Pezim is said to be the source of the expression, “When the ducks quack, feed ‘em.” My translation: “Tell investors what they want to hear.” That’s not to say that The Pez wasn’t involved in some real discoveries that made fortunes for some investors. He was, and they […]

September 14, 2018 | What Is Driving Gold—And When Will It Change?

I’ll tell you up front that I can only answer the first part of this question clearly. We’ll have to struggle with the second. There are many forces interacting in the gold market, but for the last few years, gold has been trading in its role as a commodity. It’s priced in US dollars, and […]

September 10, 2018 | Mine Supply and the Price of Gold

A reader wrote in asking about the relationship between mine supply and the price of gold. (Note that questions are lightly edited for grammar and clarity.) Recently, I heard somewhere that the average cost of pulling gold out of the ground across the entire mining space is around $1,100–$1,200. That was said in the context […]

September 5, 2018 | 5 Ps for Picking Winning Stocks

I have made a lot of money for a lot of people over the years. Despite meltdowns, mistakes, and great big grizzly bears, my past track record averaged 18.5% in annual gains. How did I pick so many winning stocks? I’ll tell you. But first, I should say that I decide on what I want […]

September 4, 2018 | Investor Alert: Guatemala Risk Spikes

Contrary to hope, reason, and possibly law, Guatemala’s Constitutional Court has just reversed the country’s Supreme Court decision to reinstate Tahoe Resources’ (TAHO, THO.TO) mining license. The back-story here is that Tahoe’s Escobal mine, one of the largest and highest-grade silver mines in the world, was shut down in 2017 when a group of locals […]

August 29, 2018 | It’s All About Plumbing…

I may be about to anger a bunch of geologists, but I’m going to try to boil all of economic geology down to a few critical points. The goal is to help non-geologists sort through the geo-jargon so they can have a clearer idea of what’s being said. Even a basic grasp of how deposits […]

August 28, 2018 | Now is the Time to Prepare for Profits in the New Energy Paradigm

I’m on the record saying that there’s a lot of money to be made speculating on the world’s adoption of a new energy paradigm. Since becoming an energy metals bull, all of them except uranium have dropped in price. Does this change my outlook? No. Markets fluctuate. Metals markets do so with gusto. It’s par […]

August 22, 2018 | This Important Trend Just Held Up… And It’s Just Getting Going

This week’s spot uranium price held even at US$26.10 per pound. I’m very pleased. I have long been confident that higher uranium prices are a “when, not if” question. As you may have seen in last Thursday’s Speculator’s Digest, I think “when” has become “now” for uranium. Here’s why. First, there’s uranium’s price history. In […]

August 21, 2018 | Don’t Fall for the Thud Factor

The “thud factor” is a rhetorical device used to obscure weakness with the weight of authority. Back in my college days, I found that when debating Marxists, they would often throw down Das Kapital as the ultimate answer to almost any argument. The combined volumes make for a massive book that hits the table with […]

August 20, 2018 | Beware of the Dead Cat Bounce

Some plain talk today. Precious metals rallied Friday. Huzzah! But does this really mean the pain is over? Before breaking out the champagne, we should consider the possibility that this is just a reaction to the preceding dramatic declines—a so-called “dead cat bounce.” Let’s pull back to look at the bigger picture. As you can […]

August 17, 2018 | Taking Profits: Dos and Don’ts

I have a confession to make. One of the key ways I break the rules Doug Casey taught me is in the area of taking profits. Longtime readers will know that for decades, Doug has preached selling half on the first double on any given speculation. When you’re up 100% and you take profits, you […]

August 16, 2018 | What I’m Buying Today: Uranium, the Exception to the Metals Meltdown

The resource sector is reeling this week, as many minerals prices have become collateral damage in the trade war. Metals are blipping up today, but are down across the board over the last few months. Precious metals suffered a major meltdown this week—and I have to say, they may not be done falling yet. There […]

August 13, 2018 | Don’t Try to Catch a Falling Safe—Let It Hit the Ground

You probably don’t need me to tell you that gold and silver are fell hard today. You may also recall that I have a theory on why this is happening at a time of greater uncertainty in global markets: some of the world’s main gold buyers are targets in the trade war. I focused on China […]

August 9, 2018 | HODL—Not a Typo, But It Should Be

The first time I saw the term HODL, I thought it was a typo. I even wrote to the website where I saw it (just trying to be helpful). I was politely informed of my ignorance. I guess it shows how little attention I’ve been paying to investments outside my primary field until now; I […]

August 6, 2018 | Pioneers Take the Most Arrows

One of my favorite Doug Casey sayings is that it’s the pioneers who take the most arrows. Each time a ship landed on North American shores and the European pioneers clashed with Native Americans, the balance of power tilted farther away from the Natives. They might have been better warriors, but they were outgunned. And […]

July 24, 2018 | I’m Excited… …and I’ll tell you why

The 2018 Sprott Natural Resource Symposium was an interesting show. It wasn’t the busiest I’ve seen, and the mood was definitely not as frothy as during a raging bull market. It was, however, far from gloomy. It seems that attendees were mostly very disciplined investors who understand that in order to buy low and sell […]

July 16, 2018 | You Can Run, but You Can’t Hide

Doug Casey and I used to discuss the odds of local politics turning bad, say, in Mali or El Salvador. And then the next day, it would be Quebec or some other pro-mining jurisdiction that would raise taxes on miners. Doug would chuckle and say, “You can run, but you can’t hide.” By that he […]

July 11, 2018 | No Bulshytt—Only a Theory

Every day, financial headlines proclaim that Tesla is down for this reason, Apple is up for that reason, or copper is down for another reason… Problem is, these explanations often contradict each other. That’s not surprising, given that markets are not single, consistent entities. Markets are interactions between millions of people. Each has his or […]

July 10, 2018 | Drying Tears for a Profit

I had an interview scheduled for today, but it was postponed at the last minute. I’d rather post nothing than waste people’s time with content that has no real value, but a source of mine in Peru happened to send me this striking YouTube link today. It’s about informal (illegal) miners of the sort I […]

July 9, 2018 | How To Avoid the Death of 1,000 Financial Cuts

With most speculations, when things go wrong, they go spectacularly wrong. The exploration or research project fails to deliver. The mine or factory is nationalized. The market changes, and a once-robust business model is no longer viable. The list of fatal outcomes is endless. But there’s a stealth fatality, a sort of chronic wasting disease […]

July 6, 2018 | My Two Greatest Mistakes—And What You Can Learn from Them

No one, not even Warren Buffett, can pick market winners every time. I’m a big boy, so I don’t get all bent out of shape when a trade goes south. I’m at peace knowing that I win more than I lose. The losses I take are the price I pay for the gains I make. […]

July 3, 2018 | Gold Is Oversold—So What

I may not be a gold bug, but it’s something I pay a lot of attention to. I buy the metal itself as my preferred form of long-term wealth preservation. I speculate on related equities to profit from trends in the gold market, just as I do with other metals, minerals, and natural resources. So […]

July 2, 2018 | How Resource Pros Reduce Risk

I was on a panel at a large investment conference… there have been so many, I don’t remember the precise details. But I was up there with Doug Casey and other famous resource speculators, and someone in the audience commented that averaging down was a recipe for disaster. I think it was Rick Rule who […]

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