June 2009
June 30, 2009 –
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RELATED TICKERS: SLW
, SLV
The majority of people including myself didn;t understand the vast implications of buying silver or silver miners as an investment. Most people think it's the poor man's gold and used as a hedge against inflation. So let's start with the supply side. [more]
June 30, 2009 –
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RELATED TICKERS: CDE
, RGLD
, SLW
I've written about Tech's and Lihir's amazing turnaround story, but they have nothing on CDE, a company which I have been buying the last month and continue to do so. This has now become my second favorite silver company. Below is a quick recap of their storied history followed by the numerous catalysts including a return to the 45m/ oz club (in GEO). CDE VALUATION: http://spreadsheets.google.com/ccc?key=rNg4MVvs7EO59ZBgzYc0UKw [more]
June 29, 2009 –
Most People think they have seen enough asset bubbles to last them a lifetime. Even Mark Haynes The CNBC anchor has this mentality and he has been covering the financial markets for ages. Not that I think CNBC is great to begin with, in fact quite the opposite, nor do I think anything of Haynes. That being said even the so called "professionals" were and will be in for a rude awakening. He had Peter Schiff on as a guest in 2006 and looked at Peter as if he had four eyes for saying "Their was a housing bubble" (which turned out to be oh so true).
What made Haynes reaction interesting was when he went on to say to peter "you expect me to believe there is another bubble, these things come around once in a lifetime". Well who looks stupid now? Way to go Peter, give it to the man. [more]
June 29, 2009 –
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RELATED TICKERS: GENZ.DL
, AMGN
, CELG
In my opinion there are currently 4 kings of the biotech world. These include Genetech (which still retains their name despite roche buying the remaining shares), Amgen, Celgene & Gilead. But there is one, the only which I have an interest in, other than Amgen (for Desonaub for colon cancer), that warrants some big time attention. Carl Ican ever began buying shares until he realized there were no changes to made. [more]
June 26, 2009 –
Anyone who has read my posts before, know I am heavily weighted towards basical materials/natural resource equities. Here is my current 20 stock portfolio (the first 15 make up about 90%) as well as one of my other portfolios. Comments/Criticisms are appreciated. [more]
June 19, 2009 –
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RELATED TICKERS: AUY
For Those who don;t know Ben Graham's Formula which determines the appropriate price to earninigs multiple based on the 5-7 year CAGR of any given company, it goes as follows: 8.5 + 2 * Growth rate. Which I have adjusted to 8.5 +1.5*G [more]
June 18, 2009 –
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RELATED TICKERS: SLW
, AUY
, RIG
AGNICO EAGLE VALUATION: [more]
June 18, 2009 –
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RELATED TICKERS: SLW
, AUY
, POT
Tickers: SLW, AUY, AEM, JAG, CEO, RDSA, SU.TO , PWE, NUF.AX , MGO.TO, GENZ, RIG, COS-UN.TO, ABB.AX/ VT.TO, PM, FNV.TO, and 1 TBA , Any Suggestions?? [more]
June 17, 2009 –
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RELATED TICKERS: AEM
, AUY
, EGO
Unfortunately for mining giants like Barrick, Newmont, Anglo, Goldfields and a few others, they hit peak prodcution when gold prices were in the doldrums. The must layout relatively large capital to replace old mines via searching for new mines or the more practical method of aquiring those already in production. Don't get me wrong, I think there is money to made here, but I like the next generation of miners a whole lot more. [more]
June 14, 2009 –
THE BUBBLE THAT BROKE THE WORLD: THE TREASURY MARKET [more]
June 14, 2009 –
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RELATED TICKERS: AUY
, AEM
, GLD
At First The Divesture of three mines to Aura Minerals Puzzled me, so I decided to look into the reasoning behind such a move and whether or not it would prove to be beneficial. TMFSINCHIRUNA'S post regarding this occurance clued me in an got me thinking, so I decided to look at the dyanmics behind the mines. [more]
June 11, 2009 –
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RELATED TICKERS: AEM
Despite a medicre quarter, Agnico- Eagle is about to expirience a huge growth spurt, propelling it to the top of the Mid-Tier Producers, along with Yamana Gold. Before getting into the production numbers, it is imporant to recognize a few other key metrics. [more]
June 11, 2009 –
Something got lost in translation when investors adopted his PEG ratio. You average investor defines this ratio as the next 3-5 years growth in earninigs divided by the TTM P/E ratio.It is considered ideal if this is <1, the lower the better. It's not that I don't think this could be useful assuming you possess superior forecasting abilities, but more often than not, I see everyday investors (that which knows little to nothing regarding equity valuation) take this ratio to heart and put a incorporate this into their decision making. [more]
June 11, 2009 –
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RELATED TICKERS: AUY
, AEM
, SLW
The Fact That The Bric Countries are Industrializing along with some other countries in the very early stages of this process i.e Sri -Lanka (if i spelled that right), Ghana and the Congo, should indicate to investors enormous profits lie ahead in the resource arena. Not to Mentioned the debasment of currencies around the world most notably the Sterling & USD. [more]
June 11, 2009 –
Either Goto Investopedia.com and join 3 year return challenge equities only or post your email address and i will send an invite if your interested.
June 11, 2009 –
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RELATED TICKERS: AUY
, JAG
, AEM
A reserve ration is the enterprise value ((current market price * shares out) +debt - cash)/ The current net asset value (Sale price- cost of mining) * Proven Reserves). This is one of many metrics to guage valuations, relatively speaking of course. This is trick to use with emerging juniors as they expand proven reserves by triple digits year after year until the reach the mid-tier stage. In short, the lower the valuation , the more attractive it is (all else equal). Here are a list of the current ratios. There are also many variations of this, some better some worse, so please don' t take this as gospel. [more]
June 11, 2009 –
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RELATED TICKERS: RTH
, DXD
, SDS
The U.S relies on credit for the lifeblood of economic prosperity. This credit was financed through foreign debt and easy money. I hate to be the bearer of bad news but that fairy tail land, which did last an entire decade is over. Back to the Point..... Oh yes I'm predciting a lashing tommorow on all major benchmarks and potetially the end of this bear market rally. (Althoug market timining is crazy to begin with). RETAIL SALES ARE ANNOUCED TOMMOROW! [more]
June 10, 2009 –
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RELATED TICKERS: SLV
, GLD
, UDN
Althouth we are starting to hear cries this recession may be dissapating, nothing could be further from the truth. Industrial output is declining at an accelerating pace. GDP was hogwash due to the fact gov't spending is included in GDP (all of which was printed of course). The trade deficit narrowed once again indicating a decreased of imports. Meanwhile Unemployment is hovering around 20% if measured as it was in 1980. [more]
June 10, 2009 –
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RELATED TICKERS: SLW
, SSRI
, SLV
2008 was Silver Standard Resources coming out party and the beginning of an Incredible Growth Story. Those of you who have read my ramblings know my Silver Wheaton Fetish, but SS is just to incredible a story not to talke about. [more]
June 10, 2009 –
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RELATED TICKERS: SLW
, AUY
, AEM
Though it is often hard to keep up with entire world of gold miners,it is important, however, to pay close attention (dig for news at least twice a weak). Well this really isn't a post with any negativity, due to the great execution the industry as a whole has had of late (barring a few minor setbacks inherent in the industry). [more]
June 09, 2009 –
99% of the population usually think one of two things when they come across a gold bug.. [more]
June 09, 2009 –
The 700 billion in TARP relief, which the majority has now been paid back, is so miniscule, it is hardly worth mentioninig. I personally though they would have been paid back relatively quickly, which was obviously not the case. The federal reserve injected over 800 billion into the banking system (which i believed and still do it was solely to cover future loans losses). [more]
June 04, 2009 –
20th century hyperinflations i.e Germany, Various Latin American and the most recent example in Zimbabwe, all shared one important characteristic: Debt To GDP averaged 52%. In 2010 The Ratio will be 45%! We are bankrupt people!.... We have managed to hang on due the irrational confidence in our paper money, but that is barely hanging on by a thread. Even in GDP rebounds immediately to mid single digits, it is impossible to make a dent in the national debt. [more]
June 03, 2009 –
Granted I am an Austro-Libertarian Idealist, I found myself debating how a free- market banking system would operate. Well it wasn't exactly that broad, rather it was the nuts and bolts of it all. I expect the majority who read what I'm about to write will call me crazy, but the few who understand the true nature of the coming currency crisis might find this interesting. Okay for the layman I will just outline the broad austrian theory for the general framework of a free banking sysytem. [more]
June 03, 2009 –
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RELATED TICKERS: GLD
, SLW
, AUY
For those of you who have read my previous blog posts, you know how bullish I am on Gold and Silver. We have now reached an inflection point that has put a floor under these metals, for the both camps who believe we will get out of this crisis and those such as myself who think we will not come out of this recession anytime soon. This post is not meant to provoke an economic debate, but rather point out the fact precious metals have bottomed in any economic scenario. [more]
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