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April 18, 2012

Energold Q4–Just Fine


Energold reported earnings about two weeks ago. Since then, I have received about a dozen emails asking “my thoughts.” Look, if I have something to say, I’ll say it. I didn’t even bother to delve into the earnings report until yesterday. If you live and die by one quarter, you will get chopped to pieces. I own things because of long term macro themes—not ... Read More
Categories: Investments
Positions Mentioned:
April 12, 2012

YENd of an era….


A few weeks back, my good friends over at Capitalist Exploits did a very long and detailed piece on Japan. For anyone who is living in a cave, the Japanese Yen is about to begin a multi-decade bear market. Of course, one could have made the same arguments a few years back and been painfully early. However, I am increasingly starting to think that the top ... Read More
Categories: Investments
Positions Mentioned:
March 26, 2012

XAU to Gold Ratio Beckons….


What’s the most despised industry sector in the market today? Solar stocks? China frauds? Sure, you can average down on these to zero. What about a real industry that’s starting to finally hemorrhage cash flow? After a decade of continually disappointing investors, large cap gold stocks are finally cheap. The XAU has been consolidating for two years now. Is it ready to go higher? ... Read More
Categories: Investments
Positions Mentioned:
December 20, 2011

Year End Position Updates


I had originally intended to post quarterly position updates. Somehow, that practice died when I moved to Mongolia. Since most of these companies do not change rapidly, I figure a yearly update is just as good. For the most part, I intend to hold onto these for years anyway. So here goes; Andean American Gold    (AAG: Canada)   Mention Price $0.56   Current Price $0.255   Return ... Read More
Categories: Investments
Positions Mentioned:
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:
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