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
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May 15, 2011

Volatile Silver…


Every few months, silver has a stunning collapse and the whole world seems astonished by the ferocity of the move. I think it’s time that we all take a step back and accept that silver is a wild animal. At any time, it can move 30% and that isn’t out of the normal—in fact, that is the normal. Every single investment product has its Read More
Categories: Comments On Events
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April 17, 2011

Flash Crash To The Upside In Gold


Traders like to talk about panics or crashes–“The Panic of 1907” or “The Crash of 1929.” Usually crashes involve something dropping in price. I have this funny feeling that the panic of 2011 will be upwards. There has been a slow move into hard assets for years now. One by one, investors are beginning to understand the meaning of what the Federal Reserve intends Read More
Categories: Comments On Events
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April 13, 2011

Drinks With Kuppy…


Every year, my friends and I get together for a few casual drinks the friday before the Berkshire Hathaway annual meeting in Omaha. I thought it could be fun this year to open things up to AIC subscribers. In the past, we have chosen a local bar. Depending on the number of people coming, we may have to find a larger venue. Please RSVP Read More
Categories: General
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March 31, 2011

The Undead Are Rising!!!


In Canada, there is a healthy tradition of early stage mining ventures masquerading as public companies. Most of these businesses start as private deals amongst friends who pool their resources to see a company through the expensive listing process. The average check size is only a few thousand dollars. If you’re wrong, it doesn’t cost too much and the upside can be huge if Read More
Categories: Comments On Events
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