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November 12, 2018 | The Speculator’s Greatest Enemy

I had a close encounter with road rage the other day. I was driving in heavy traffic on a multilane highway in San Juan. A car merged aggressively in front of the car in front of me. That car slammed on the brakes, so I had to as well. The guy behind me wasn’t paying […]

November 10, 2018 | Quick Case Study: The SilverCrest Trailing Stop Loss

Stop losses—systems that sell stocks if they fall by a given percentage—are a fine idea for normal stocks. When companies worth billions of dollars (or a trillion, nowadays) drop dramatically, it’s usually for a very specific reason. A stop-loss discipline gets investors out, limiting their potential losses.  Some systems calculate the volatility specific to an […]

November 6, 2018 | The #1 Commodity Play Today

I have a top commodity pick today, and it’s not what many people might think. That was the subject of my talk at the just-concluded 2018 New Orleans Investment Conference. What I like best about this speculation is that it doesn’t matter who wins the election. It doesn’t matter what happens with the trade war. It […]

October 31, 2018 | Exploration is Worthless

Recently a reader asked something along the lines of: How do “Explorers” make money for investors? Are their stock prices only based on the “Greater Fool” theory? In your Casey Research days, you suggested that “Explorers” had the potential to become 10-baggers. Along the way, however, you discovered the Golden Runway, where companies typically were in line […]

October 19, 2018 | 10 Reasons Why Everyone Should Internationalize

I just had a long conversation with my friend Doug Casey. We talked about stocks, bonds, commodities, real estate, and the fate of the world. It was a terrific conversation, I hope to transcribe and share with you soon. Meanwhile, his far-ranging comments reminded me that Doug is the original International Man. That got me […]

October 18, 2018 | Gold vs. Bitcoin

I’ve heard junior mining executives in Vancouver bemoan bitcoin stealing gold’s thunder as an inflation-proof alternative to US dollars. Much worse from their point of view is the cryptomania in general siphoning off speculative capital from mining stocks. But these are very different things. While the siphoning of capital may be happening, I don’t think […]

October 12, 2018 | Is It Safe to Buy Canadian Stocks on the US Pink Sheets?

It’s said that about 80% of the capital raised around the world for mining and exploration is raised in Canada. Toronto is the Hollywood of mining. The problem is that while many of the bigger companies have dual listings in Canada and the US, most Canadian juniors don’t. Since these juniors have the most explosive […]

October 11, 2018 | Contrarianism vs. Momentum

People ask me why I haven’t bought any weed stocks yet. Last fall when bitcoin was going vertical, people asked the same thing about that bandwagon. In my mind, the answer has always been: I prefer to invest in businesses I understand—in which I know I’m good at picking winners. But having meditated upon it […]

October 10, 2018 | 5 Tips for Starting Out

I’m often asked how to get started as a speculator. I have to start by pointing out that it’s one thing to be an experienced investor looking to profit from more speculative investments, and quite another to start from scratch. The two starting points are quite different, and pose different challenges. The seasoned investor may […]

October 2, 2018 | Foreign Exchange: Changes Affect All Speculators, Not Just Forex Traders

Australian dollars. Canadian dollars. American dollars. Euros. Pesos. Yuan. There are so many currencies that affect our speculative investments, and their values are constantly changing. How do we deal with this? Some people speculate directly on changes in currency values, of course. One can buy the euro if one thinks the US dollar is going […]

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 […]

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