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December 14, 2011

Up EURs!!! I Got Gold


I don’t intend for AIC to be a site that picks bottoms, tops or price levels. However, this recent swoon in gold is enough for me to finally add to my position. If there is further weakness, I’ll continue adding more. Europe is blowing up, and I want my metals. Categories: Current Investments Positions Mentioned: none To receive email updates on new posts, use the ... Read More
Categories: Investments
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December 4, 2011

Ride The Trends…


In investing, you don’t make the big money by buying cheap stocks—frequently, these things destroy your capital. The market always pays for growth and in a no growth world, you must look further afield for new themes. Unfortunately, many of the best themes are priced for this growth. Who doesn’t realize that the US population is rapidly aging? Or that technology will race ahead? ... Read More
Categories: Investments
Positions Mentioned:
November 30, 2011

No Sense In Trying To Make A Few Extra Cents…


Yesterday, Fibrek Inc. (FBK: Canada) received an unsolicited takeover offer for its shares. This takeover substantially undervalues the company. As this offer is unsolicited, there’s a reasonable chance that the acquirer sweetens the offer in the next few months. Unfortunately, I think the best case scenario is that shareholders get a few pennies more. While you wait for those pennies, Mercer International (MERC: NASDAQ) ... Read More
Categories: Investments
Positions Mentioned:
October 31, 2011

Togrog


I apologize in advance for posting a currency piece on this site. The Mongolian Togrog is illiquid and difficult to acquire, but it is the first currency that I’ve seen that has the potential to double or triple in price over the next decade. While you wait, you make around 15% in interest. If you know anything about carry-trading, you’ll probably find a way ... Read More
Categories: Investments
Positions Mentioned:
September 15, 2011

IVO Terminates…


Over the years, I’ve invested in all sorts of companies around the world. Some investments have worked, some haven’t. At all times, I try to learn from my mistakes—the more expensive, the more memorable. If you do not learn, you will continue making the same mistakes. Which brings me to a comment from a successful friend, also smarting from Barclays Bank PLC iPath Inverse ... Read More
Categories: Investments
Positions Mentioned:
August 8, 2011

Volatility!!!


I’ll be quick as there’s a lot of stuff to follow today. As long time readers know, I have a short position in Barclays Bank PLC iPath S&P 500 VIX Short-Term Index Futures ETN (VXX: AMEX). It is a product structurally designed to decay to zero. The problem with being short VXX is that from time to time, it spikes substantially. When that happens, even a ... Read More
Categories: Investments
Positions Mentioned:
May 20, 2011

ENERGOLDen…


Accounting is backwards looking—as investors, we have to be forward looking. That said, past numbers are usually a good starting point for estimating future earnings. Numbers only tell you part of the story—the reason why the numbers are how they are, is often much more important than the actual numbers. Unless you can understand the moving pieces involved in the final numbers, you cannot ... Read More
Categories: Investments
Positions Mentioned:
February 3, 2011

Wiluna Did What..?!?


Back in June, I wrote about Apex Minerals’ Wiluna mine (AXM: Australia). At the time, it was a struggling restart of an old underground mine. I felt that after a number of false starts, the company was taking the right steps to finally achieve profitability. The mill was working at half of capacity so the expensive stuff was paid for. The company just needed to get ... Read More
Categories: Investments
Positions Mentioned:
January 9, 2011

What Happens When 4 Billion People Decide To Use Toilet Paper???


When I was in China this summer, I was a bit disturbed by the bathroom facilities in the rural areas—the communal poo rag had not yet been replaced by toilet paper. Even in tourist locations like the Great Wall, the restrooms had a rag attached to the wall to be used for wiping your ass. I had to ask our tour guide for confirmation ... Read More
Categories: Investments
Positions Mentioned:
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