Flashback to 2015/2016: Portfolio went down 48% in just a few months during the bottom grind. During the next 8 months it went up 500% and the return over the 11 month period was 212% even though I obviously didn't pick the exact bottom. #Perspective...
Continue reading » November 18, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies 4 Comments Jeffrey Gundlach, CEO of DoubleLine Capital, has evolved his investment style over the years, and although he is still the “bond king”, increasingly he has become multi-asset with a focus on getting the macro right. In this interview with Real Vision CEO Raoul Pal, Gundlach...
Continue reading » November 11, 2020 admin Gold No Comment Many juniors are already back down to levels that are pricing in lets say $1,300 gold. This is probably the best investment environment I have seen in at least the last four years and I got stink bids in all over the place. Sure there...
Continue reading » October 29, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Uncategorized No Comment With the precious metal market heating up I get some emails and messages from people who are keen to learn about investing in this space. Contrary to most newsletter writers etc in this space I tend to focus on Investing Theory because I think it’s...
Continue reading » September 7, 2020 admin Investing Strategies 1 Comment I like this tidbit from the legendary Jack Bogle where he talks about the blessing of low prices (market corrections): … We all know everyone and their mother is always hoping for their stocks to go up today, tomorrow and the day after until eternity....
Continue reading » August 26, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Novo Resources No Comment In this article I will only provide some valuations for some of the companies I really like and provide what I see in terms of Risk/Reward. Important concepts for maximum long term compounding: Probable Upside > High Potential Upside Margin of safety should have a...
Continue reading » August 12, 2020 admin Gold & Silver Stocks, Horseman's Portfolio 14 Comments Time has value. An ounce in the ground is only valuable if it can be recovered economically. Thus, time to economic recovery is a big deal… What is the value of a project that is fully permitted, shovel ready and is worth $500 M on...
Continue reading » July 18, 2020 admin Gold & Silver Stocks, Investing Strategies 2 Comments I don’t need to hit a lot of ten baggers. I try to find cases where very little of any upside scenarios are priced in. If I am paying nothing for a project or target it can still be a 1:100 shot and I would...
Continue reading » July 15, 2020 admin Investing Strategies 1 Comment The following lines from Sun Tzu has stuck with me when I think about investing: 13. “He wins his battles by making no mistakes. Making no mistakes is what establishes the certainty of victory, for it means conquering an enemy that is already defeated.” 14....
Continue reading » July 4, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Uncategorized No Comment From Tao of Charlie Munger: We are in a pure commodity business which means miner gets the same price, more or less, for their products. The average miner will do well in the good years, but terrible in the lean years. All else equal...
Continue reading » May 25, 2020 admin Gold & Silver Stocks, Investing Strategies 1 Comment 
