munich gold show

the next munich gold show is ante portas, my dears => go gold bugs go and let's crash the fraudulent fiat money system now 

golden buddha as a symbol for my faith that the most of my gold / silver / energy / commodities investments will turn out well? well, this buddha is probably not really made of gold, but the future of (most of) my investment decisions really is, you know? hell, i'll maybe look for the golden buddha in my thailand pictures at the weekend, but if not successful i don't think i would look for + digitalize + upload pictures we have made 20 years ago during our 1st visit to thailand ;o)

official information about the edelmetallmesse-event like place, time, speakers, exhibitors and the like is HERE. of course, i will be the full 2 days (friday / saturday) there and post some insights, pictures as the time passes by :-). see you there?

what about a quote? gold mine is a hole in the ground with a liar at the top ~ mark twain
why did i tell you this? well, mining success is often about people, you know? so let's show you the management of few of my most important portfolio companies

in the middle keith neumeyer; CEO first majestic silver, my number 1 position by current market value thanks to the stellar company & share price development, acquired in many 'shots' between july 2007 and september 2012. the other 2 guys are richard mayr from argentuminvest + myself, of course

peter hawley, CEO scorpio mining + CEO scorpio gold. well, scorpio mining is my second biggest position right now and the biggest in terms of initial money invested. they have had huuuuge problems as the share price dropped from above CAD 2 below 0.5 this summer and then the founder + former CEO peter took over the company leadership again, the share price today? CAD 1.15 ... well, better than nothing :-)

on the right david hodge, CEO of the zimtu group (zimtu capital corp + commerce resources + western potash + equitas resources + strike graphite + ...)

there have been many many interesting presentations, the one i liked most was the by the famous trend forecaster gerald celente, but i also really liked philipp vorndran, uwe bergold, ralf borgsmüller, rolf nef  and max otte

gerald celente (as i could remember his words, later i will probably upload also 1-3 short videos at youtube, as for now i hope the organisers will upload all speeches to internet themselves): capitalism is dead. we have no capitalism anymore. in capitalism, there would be no bailout of banks like in 2008. we have a merger of state and corporate power, that's the definition of fascism. with our actions today we shape the future/trends of tomorrow ... thus do your best, my dears ... and yes, we can change the future and yes, our impact matters ... thanks gerald for these words, the most people do believe they are too small & to meaningless in order to change anything :-)

of, course i'm not superstitious at all, but as every year i have bought a silver coin with the chinese zodiac sign for the next year in order to bring me some luck at the markets and also few other coins, why not? anyway, welcome 2013, the year of the snake

australian + armenian + somalian silver investment coins

damn, let's show you also the prettiest side of the gold show: hostesses, lotteries, souvenirs and the like. can you imagine that there are folks out there who measure a state of a particular market (segment) by the so called hostess factor? easy, the more hostesses and the more naked they are at a related fair, the more preceded is that market. believe me, there is no bubble in gold, silver and mining stocks yet :-)

tombola at the sigorex newsletter writers group

well, i've also increased my stakes in following companies in november:

• golden predator GPD
• redtail metals SPD
• amerigo resources ARG
• scorpio mining SPM
• aurizon mines ARZ
• alexco resource AXR
• coronet metals CRF
• coeur d'alene mines CDE
• NWM
• nu legacy gold NUG
• CuOro CUO

btw, my coverage of the last year's event is here :-)

eof

life cycle of the typical mining stock

source: Zimtu Capital Corp. = one of my portfolio companies. btw, zimtu's strategy is to enter the opportunity before the IPO ;-)

folks, mining is soooo exciting, u know? wanna read abt my investment approach?

1.) how 2 choose stocks 2 buy? 

a) well, i follow the markets daily and i also attend a lot of commodity oriented events like the precious metals fair, other (smaller) commodity shows, investor lunch events for few (approx 10 - 20) invited folks and the like. leftovers is easy, i buy stocks i liked most  ... my decisions are based basically on my impression or personal criteria like e.g. company's partners & investors [when folks like rob mcewen, eric sprott, paulson, soros, silver wheaton, pan american silver, xstrata and the like are also invested i believe its almost risk free 2 get involved myself ] ... i dont look-up the company website, financial news, earnings reports and the like at that stage ... of course, im easy 2 impress i think ... after the 1st small 'pilot' buy i subscribe companies newsletters, start following their development and if appropriate i increase my positions 

b) my 2nd decision method: i scroll down my portfolio sorted descending by current position value and where my eyes 'stops' thats the stock i increase my holdings in ~ ie intuition again 

2.) most potential for long term gains?

i think its the explorers & junior mining stocks

3.) why explorers & junior mining stocks?

well, this one is the easiest one! its based on the 'life cycle of the typical mining stock' [~ idea => IPO => discovery => a looooong development period i.e. the 2nd chance 2 buy these stocks cheap => production & cash-flow & dividends = the boring fat cat phase of stock's life] 

cheers 

btw, wanna look-up the mining ABC issues?

ps: ist there any risk involved? yep, of course there is a huuuuge risk involved: the discovery isnt good enough (too low metal grades, too small overall amonunt of the commodity contained, etc), mngmt not able 2 raise enough money 2 build-up a mine, legal/environmental issues, political risk (congo, ecuador, venezuela, russia, ...), management failure, sometimes even pure fraud (eg the only 'asset' is an advertising/promotion campaign), drop in commodity prices so that the production isnt economical anymore and a lot of similar stuff ... well, thats why i own 100+ mining companies and tend rather 2 increase my existing positions in the good ones than 2 buy a new strongly promoted company, u know?

anything else? hmmm, probably one famous quote about the gold mining industry / stocks:

gold mine is a hole in the ground with a liar at the top ~ mark twain