precious metals fair in munich

munich, new city hall

a great event, as always :-)

• day zero ~ a passion lounge with zimtu capital in the office of cm equity group in the very center of munich ~ of course ive welcomed the chance 2 walk a little bit through the streets of munich and yes, after 20+ years in munich ive visited the city hall's tower for the very 1st time (shame on me, i know) ~ city hall pictures 
• day 1 ~ the key speaker 2day was (billionaire + gold bug) eric sprott ~ sooo many booths of sooo many companies fighting for attention of investors + newsletter writers ~ many busy bullion dealers have sold sooooo much (physical!) gold + silver i believe ~ low quality fast food in between ~ many interesting presentations (at 3 stages) ~ coin dealer's pro aurum reception in the evening
• day 2 ~ the key speaker was james turk, ive visited also few other presentations and talked to the company representatives of my portfolio's stocks i didnt manage to on the 1st day :-)

miranda gold's CEO ken cunnigham + me ... btw, miranda is my oldest (still independent) stock in my portfolio, currently struggling like hell ;-(

few more pictures from the gold+silver+commodities show? just move here + enjoy

any investment ideas? well i will prolly post few comments abt some companies ive been impressed most (and bought few shares) when i will have some time to do so and link that stories in the list below. do u agree, my dear?

• amerigo resources ~ soooo undervalued, profitable, dividend paying chile based Cu+Mo company
• baha mining ~ they havent been at the show, i just spoke to a buddy of mine abt them :-)
• cap-ex ventures ~ bad, bad timing ~ 3 weeks ago was the price justr 1/3 of 2days level :-(
• colt resources ~ tungsten + gold in portugal, a rob mcewen company
• dynasty metals & mining ~ highly recomended by one of the magazines out there
• endeavour silver ~ one of my all-time-favorites
• equitas resources ~ copper, copper, copper ... btw, by my purchase of few stocks on day zero (wednesday) ive increased the value of the company by CAD 500,000 ... yep, i was the only buyer and moved the stock price 10% higher  ... hmmmm, strange junior mining stocks ;-)
• 1st majestic silver ~ 
• focus metals ~ graphite & graphene in canada
• focus minerals ~ my dear australian cannibals
• gogold resources ~ bad, bad timing ~ yesterday was the stock CAD 1.33 (ask price) but i hadnt any money on my account, today CAD 1.54 :-(
• orex minerals ~ new project of orko silvers mngmt
• ovoca gold ~ gold in russia
• rio alto mining ~ gold in peru
• rye patch gold ~ gold in nevada, highly recomended by one of the magazines out there
• scorpio mining ~ my biggest portfolio position
• tamaka gold ~ private company, going to go publich in late december / early january
• etc

btw, i didnt get a picture with the key speaker this time (canadian billionaire eric sprott) cos i didnt like to wait for a break between his countless interviews  ... and yes, billionaires are fellows like you and me, they just patiently answer questions and try to explain their attitude 

GoGold (resources), go!

or what abt: go gold bugs go! also too long? lets abbreviate it a little bit: GoGold go!

source: http://gogoldresources.com/

folks, the gold price is climbing higher and higher and most of my gold/silver stocks are falling lower and lower => what the hell is going on in the financial markets? pls dont let me get started on the stupidity of homo sapiens financialis and how i hate investors / traders, ok?

well, even on friday, when gold reached its high-high-higher all-time-high $1,626 per ounce, most of my mining stocks were DOWN, DOWN, DOWN :-(. did i ask ya what the hell is going on already? no? consider as asked right now ...

thx goodness, not all gold/silver stocks were down on friday. GoGold resources was +10.4%, hmmmmm ... and it went up like crazy the last few days as well => hmmmmm again .... how much up? well, lets try 2 bother my calculator .... (hours of failed attempts in between ;-) ... +53.3% in only two weeks? OMG! what the hell is going on @ GoGold (GGD.V)? well, lets look at these canadian gold explorers a little bit closer:

• ive bought few shares in march after ive met few old buddies at their booth @ PDAC in toronto. i liked the story, i liked the prospects, i liked the share stucture (approx 80% of the company is held by mngmt / insiders / institutions), but i didnt like the share price. it was sooooo high compared to the price from last november/december. of course, many mining stocks shot up a lot since that time, but GoGold increased three times i guess. well, im not going to bother my calculator this time and cant ask my youngest daughter either cos shes on vacation right now. the school year in munich (and whole bavaria) was over on friday, u know? so what to do in an investment case like this one? it was quite easy! same procedure as always: ive made a pilot buy (im not that paper trader / watchlist investor kind of guy, u see?), applied for companys newsletter, liked it at facebook, started 2 follow these guys' share price and their news flow ... u know what? GoGold is my best performing stock out of all my PDAC ideas! it is up 30% in less than 4 months, my dear ;-)
• what abt its peer group? unfortunately, the vast majority of my 21 new investments from march 2011 was kicked down by mr. market in the recent overall market correction (april-july) sooooo deep and most mining companies are still down a lot (many 20%-55%, but u not gonna tell that my wife, promised?). there is only 1 additional 'PDAC' company which is up significantly ~ goldstone resources +20% after it received a take-over offer from premier gold mines few weeks ago.
• what abt any company related issues? well, there were few nice surface samples collected at their flagship property in durango / mexico and theyve also acquired some additional land there ... some directors named, some options issued ... nothing special imho 
• when will they 'produce' some cash? i have no clue how long it will take them to bring their first mine into production, i should prolly read their next news releases more detailed, shoudnt i?
• i suppose this CAD 57m company is not much known, ive never heard/read s.th. abt it in €urope and there is also no €uropean listing yet ...
• what abt the volume in GoGolds recent ride? yep, it is slightly up, but it didnt went parabolic yet .... who the hell is collecting all shares out there?
• wanna risk 2 take a look at GoGolds chart? quite a run, isnt it? 
• any lessons learned? yep! it is not important when u buy your stocks - the only thing which matters is how high they will go after u have bought them :-) lol

anything else? coming soon or never