Somehow I got on his mailing list and I read this article last night. I was pretty weary from a week of 8-10 hour days gettin our sailboat back in liveaboard mode after being off it for 5 months. Read it again this morning. So interesting. 100% new to me and I love it when you have folks who are willing to share this kind of info. It shows the extent to which they respect you and your efforts to help all of us.
With all that said, his argument is not all that convincing IMO. Especially his disdain for the miners. Had he bought Northisle $NTCPF at 1.6-3.0 cents per share back in the depths of the Covid lows (with a fabulous mgt team, big name investors, huge private placement $ and a massive resource containing gold/silver/copper/zinc and more) and just shown some patience he would already be sitting on 15 bagger. Closed at 42 cents yesterday. Maybe he’s just a shitty stock picker when it comes to miners. That’s true for snot 99.5% of us. And no I didn’t get in that early, but I did get in at .10. So I’m sitting on a 4x with a big profit and no plans to sell. In fact, I’ll be adding on a pullback.
I generally find Kappy to be very balanced. But seriously? If I’m going to take a shot in metals it’s not going to be with something that has no chance of performing better than an ETF.
Plus, he says Royalty firms are just trashy Ponzi schemes. But he’s long FNV.
A lot of smart people are buying the miners, why own a company that will make $40 an ounce (or so) commission from spot when miners can make whatever the value of gold increases. Gold could go from $2200 to $4500, miners will see double their returns, AMRK will still make a $40 commision. They have had a nice run up in the price the last few days. Might throw a little money at it but there could be other reasons for the gains other than Harris' thesis. Like the .20 dividend they announced on 4/5.
Love the first picture and the summation on gold mining. Only last week I watched a spruikers video interview of a CEO who has just “bought the greatest gold asset he’s every seen” in his years in the business. And of course they got the mine for 10 cents on the dollar. And the fairytale goes that the previous owners and management got to the 99 yard line and fumbled the ball. What a load of hogsh#t.
Added to that, the name of the famous billionaire in resources has to be thrown around and attached to the deal. Throwing his name around is the equivalent of mentioning Jordan Peterson at a men’s conference. I guess it has to be done to buy some credibility. I note the famous billionaire is on both sides of the transaction being both the seller and financier! I’m sure he comes away with zero risk, an open option on speculative upside and a smile, while fools rush in to buy the story that he’s attached his name too. Of course, he’s a billionaire cause he’s smart. And he’s got millions of bullets he can and does fire off into every gold company on the planet with half a BS story about their amazing asset. Small investors have a six shooter in comparison so it would be crazy to try and buy everything the guru does. But it doesn’t stop them. They might do well to see he screwed First Majestic shareholders with a similar deal a few years ago on an expensive gold mine that is now basically on care and maintenance and is costing First Majestic a fortune on capital and drilling, while generating zero revenue. He was on both sides on that sh#t sandwich too.
Of course the stock has soared since the interview came out the news hit speculators inbox’s.
Don't you just love authors who release their next 'Big Idea' AFTER IT HITS AN ATH? So helpful. Also, Author complains miners make crappy divvys. AMRK too, about 2%. Anyway, so I'm to believe that AMRK will prosper more on commission volume than a best in class miner for whom any gold price increase over production cost goes straight to the bottom line? Granted, AMRK does seem to avoid jurisdiction risk, nothing to sneeze at. But that same old crappy divvy you get everywhere...
I really enjoy Kuppy’s articles and found this was to he excellent. One issue with the miner space is that it attracts those of use who has distrust for the system which sets up novice retail for massive rug pulls. Most mining investors for not understand geology nor mine engineering which adds a layer of uncertainty to drill results and published feasibility studies. Good deposits operated by mediocre management can cause nightmares for investors through constant dilution (with warrants of course), project overruns, mines not operating according to plan, in addition to wildcard setbacks like the locals illegally blocking roads to the mine (see mexico for this happening frequently). To be clear, I say all these things from a position of being long miners, I just realize the risk. As Doug Casey said, “these mining shares are burning matches, not family heirlooms.”
I'm sick of hearing about gold. Buy gold! Best hedge! Etc.
I'm thinking of starting a business where people who want to invest in gold can pay ME a reasonable fee to buy some, and then, after the price drops, as it inevitably does after I buy gold, they can snap some up at a nice savings. I haven't thought through all the details yet... open to suggestions!
I was using GlintPay. I found I didn't have the stomach for it then, and I certainly don't now.
Somehow I got on his mailing list and I read this article last night. I was pretty weary from a week of 8-10 hour days gettin our sailboat back in liveaboard mode after being off it for 5 months. Read it again this morning. So interesting. 100% new to me and I love it when you have folks who are willing to share this kind of info. It shows the extent to which they respect you and your efforts to help all of us.
With all that said, his argument is not all that convincing IMO. Especially his disdain for the miners. Had he bought Northisle $NTCPF at 1.6-3.0 cents per share back in the depths of the Covid lows (with a fabulous mgt team, big name investors, huge private placement $ and a massive resource containing gold/silver/copper/zinc and more) and just shown some patience he would already be sitting on 15 bagger. Closed at 42 cents yesterday. Maybe he’s just a shitty stock picker when it comes to miners. That’s true for snot 99.5% of us. And no I didn’t get in that early, but I did get in at .10. So I’m sitting on a 4x with a big profit and no plans to sell. In fact, I’ll be adding on a pullback.
I generally find Kappy to be very balanced. But seriously? If I’m going to take a shot in metals it’s not going to be with something that has no chance of performing better than an ETF.
Plus, he says Royalty firms are just trashy Ponzi schemes. But he’s long FNV.
I see JM Bullion is a subsidiary of AMRK, I buy gold there.
A lot of smart people are buying the miners, why own a company that will make $40 an ounce (or so) commission from spot when miners can make whatever the value of gold increases. Gold could go from $2200 to $4500, miners will see double their returns, AMRK will still make a $40 commision. They have had a nice run up in the price the last few days. Might throw a little money at it but there could be other reasons for the gains other than Harris' thesis. Like the .20 dividend they announced on 4/5.
Love the first picture and the summation on gold mining. Only last week I watched a spruikers video interview of a CEO who has just “bought the greatest gold asset he’s every seen” in his years in the business. And of course they got the mine for 10 cents on the dollar. And the fairytale goes that the previous owners and management got to the 99 yard line and fumbled the ball. What a load of hogsh#t.
Added to that, the name of the famous billionaire in resources has to be thrown around and attached to the deal. Throwing his name around is the equivalent of mentioning Jordan Peterson at a men’s conference. I guess it has to be done to buy some credibility. I note the famous billionaire is on both sides of the transaction being both the seller and financier! I’m sure he comes away with zero risk, an open option on speculative upside and a smile, while fools rush in to buy the story that he’s attached his name too. Of course, he’s a billionaire cause he’s smart. And he’s got millions of bullets he can and does fire off into every gold company on the planet with half a BS story about their amazing asset. Small investors have a six shooter in comparison so it would be crazy to try and buy everything the guru does. But it doesn’t stop them. They might do well to see he screwed First Majestic shareholders with a similar deal a few years ago on an expensive gold mine that is now basically on care and maintenance and is costing First Majestic a fortune on capital and drilling, while generating zero revenue. He was on both sides on that sh#t sandwich too.
Of course the stock has soared since the interview came out the news hit speculators inbox’s.
Don't you just love authors who release their next 'Big Idea' AFTER IT HITS AN ATH? So helpful. Also, Author complains miners make crappy divvys. AMRK too, about 2%. Anyway, so I'm to believe that AMRK will prosper more on commission volume than a best in class miner for whom any gold price increase over production cost goes straight to the bottom line? Granted, AMRK does seem to avoid jurisdiction risk, nothing to sneeze at. But that same old crappy divvy you get everywhere...
I like Kuppy but this feels like a pump and dump. Just sayin'
I really enjoy Kuppy’s articles and found this was to he excellent. One issue with the miner space is that it attracts those of use who has distrust for the system which sets up novice retail for massive rug pulls. Most mining investors for not understand geology nor mine engineering which adds a layer of uncertainty to drill results and published feasibility studies. Good deposits operated by mediocre management can cause nightmares for investors through constant dilution (with warrants of course), project overruns, mines not operating according to plan, in addition to wildcard setbacks like the locals illegally blocking roads to the mine (see mexico for this happening frequently). To be clear, I say all these things from a position of being long miners, I just realize the risk. As Doug Casey said, “these mining shares are burning matches, not family heirlooms.”
Good luck fellas.
I'm sick of hearing about gold. Buy gold! Best hedge! Etc.
I'm thinking of starting a business where people who want to invest in gold can pay ME a reasonable fee to buy some, and then, after the price drops, as it inevitably does after I buy gold, they can snap some up at a nice savings. I haven't thought through all the details yet... open to suggestions!
I was using GlintPay. I found I didn't have the stomach for it then, and I certainly don't now.