Archives

Please click on a button below to jump straight to that category.
September 14, 2010

Position Updates (September 14, 2010)


I spent the last week going over my positions and finding out what I’ve missed while on the road. Since I’ve gone over this exercise, I might as well share the results. You can see the full list at Positions Mentioned. The last position update was on June 23, 2010. AAG.v   Price At Mention   $0.56      Current Price $0.87     Change   +55.36% Since I first wrote about ... Read More
Categories: Investments
Positions Mentioned:
July 18, 2010

Invicta


There are only two times when you can make large multiples on your money in mining (three if you want to roll the dice on exploration). The first of these is a situation where there was a failed production start-up and the company now trades for a good deal less than was spent to build it. The other time you can make large multiples on your ... Read More
Categories: Investments
Positions Mentioned:
June 28, 2010

Index Fund Shopping Day


Billions of dollars are invested in index funds. The index funds follow strict guidelines on what companies can and cannot be included in the index. These funds are rebalanced from time to time. When the guidelines say it’s time to sell—they sell. Index funds have grown to be so large that they move markets when they need to get out. It’s mechanical and sometimes ... Read More
Categories: Investments
Positions Mentioned:
June 23, 2010

Position Updates (June 23, 2010)


Every once in a while, it is useful to go over what has changed amongst the positions I have mentioned. I want to make one thing clear. This is a diary of my investing. This isn’t a list of recommendations for playing along at home. These are not recommendations to do anything. AXM.ax I have nothing to add. To the best of my knowlege, ... Read More
Categories: Investments
Positions Mentioned:
June 8, 2010

Worried About Wiluna


Mining is a very difficult business. As an investor, it is even tougher. Most mining companies trade at roughly fair value. Even the cheap ones are rarely cheap enough to interest me. The thing about mining is that when something goes wrong, you can lose everything. To compensate for this risk, I only want mining plays with five-fold upside or better based on current ... Read More
Categories: Investments
Positions Mentioned:
June 6, 2010

Got Gold?


  Got Gold? I’m in Invercargill, the southern tip of South Island, New Zealand. I have one week to go before finally heading home. I want to see as much as I can. I’m supposed to be escaping the next data point. However, I cannot escape the fact that there’s a tempest brewing and it’s about to make landfall. The Euro is imploding. Despite protests ... Read More
Categories: Investments
Positions Mentioned:
April 28, 2010

Designed To Fail…


I’m sitting here watching CNBC fill airtime with stories of how Goldman Sachs created securities that were designed to fail. We are supposed to feel sorry for the wealthy and financially savvy institutional investors who bought these things without doing their due diligence. This was a closed game that only a few very large investors were even invited to participate in. If you don’t ... Read More
Categories: Investments
Positions Mentioned:
April 21, 2010

US Global (Gearing In Practice)


I recently wrote about gearing. Some industries really lend themselves to gearing. Let’s see how that works in practice. One of my best investments of all time was US Global Investors (GROW: Nasdaq). US Global is the manager of various mutual funds with a particular focus on Eastern Europe and natural resources—both sectors that I am optimistic about. In the asset management business, as assets ... Read More
Categories: Investments
Positions Mentioned:
March 24, 2010

MF Global


I normally invest in companies, but occasionally, something sets up just right for what I’ll call a trade. A trade is an investment that is intended to last from a few days to a few months depending on various conditions. Basically, this is an investment with a near term catalyst. The goal is to buy shares right away, average down if it goes against ... Read More
Categories: Investments
Positions Mentioned:
Scroll Up