Labor Day Month End Report
Dow 20000 Gold 1400 Update
Billionaire hedge fund manager Ray Dalio once said: "He who lives by the crystal ball will eat shattered glass." He was also quoted and saying: "If you don’t own gold, you know neither history nor economics."
The one book that had an early influence on me was Megatrends, by John Naisbitt back in 1982. Megatrends contained almost ten years of research, and was on the New York Times bestseller list for two years.
It was fortuitous to hear him speak at the Orpheum Theatre in Vancouver around 1990. On October 22, 1997, I was finally ready to make my first public prediction over at Stockhouse:
"John Reed, chairman of Citicorp, insists that China alone needs to spend $55 trillion to build an infrastructure to support a developed economy...three times the world's current annual gross domestic product. If there is any question as to the demand on precious and base metals over the next 20 years, then go and buy a larger calculator."
Here is another comment made two days later, on October 24th:
"If there is a financial meltdown, $40 Trillion will burn before one ounce of gold melts."
The temporary ingestion of Dalio's shattered glass happened a few years later when Gordon Brown sold the lions share of the U.K.'s gold. It's been a 15 year party since then. In Canadian dollars, gold is still up well over 400% (over 300% in US$) from 19 years ago. Gold closed at US $308 on October 24th, 1997.
The Dow is still up 3122 points from Black Friday (54 weeks ago).
A. Gary Shilling wrote a Bloomberg article on September 2 called:
"The Coming Storm for Global Financial Markets"
"Global growth is weak, and will be eroded further by Brexit. Oil prices are low, and likely to plunge further. The world has excess capacity and a wage-depressing labor surplus. Corporate profits are shaky. And deflation is laying bare the impotence of central banks. So where would you logically expect financial markets to be going, given that economic, financial and political environment?
You’d expect to see increased demand for safe-haven U.S. Treasuries, a soaring dollar, falling commodity prices, and increasing investor aversion to junk bonds, emerging market debt and equities and other low-quality securities. But that’s not the case."
https://www.bloomberg.com/view/articles/2016-09-02/a-storm-is-brewing-in-global-financial-markets
I would rather focus on this chart:
http://www.siliconinvestor.com/readmsg.aspx?msgid=30728113
Look at what ZeroHedge uncovered Sunday Morning:
Leaked G-20 Draft Reveals More Fiscal, Monetary Stimulus Coming
Talking Our Books
Total BergDex exposure was 106% average (down 8% from July) over 27 stocks. This is pretty good considering the across-the-board junior mining sell-off in late August.
These are not just random picks. They have over 100 years experience between the three gentlemen, 11 discoveries, and 7 mines that went into production.
Volatility will continue with gold rising, and the downward pressure of over 500 private placements coming due in the next few months.
The BergDex is well on its way to meeting our prediction of over 200% per stock average by mid February.
This is how the BergDex performed for the month, starting with his initial 3 Globe and Mail picks from March 4:
$LIX Up 171%
$PGM 175%
$NGZ 111%
That's an average of 152% in 26 weeks public exposure to the entire Globe and Mail subscriber base that read Robert Hirschberg's interview.
Check out the realtime returns on Robert's other picks from his first tweet (plus 16 recent public additions) on March 24th:
$BOL Up 40% $CAP Up 100% $EAM 185% $GSH 168% $NFR 206% $NX 27% $WML 300% $WPQ Up 17%
Recent Additions
* April 18: $XMG Up 68%
* April 29: $MAY Down 54% IDM Up 39%
* May 05: $AVA Up 123% $CWM Up 140% $EMO 42%
* May 13: $ASE Up 111% $GPY 155% $SSV 163%
* May 25: $KNT Up 52%
* June 1: $QBA (KWC) Down 20%
* June 9: $AMU Up 20% $AWE 400% TYE Down 28%
* July 4: $CBG 112%
* July 25 RJX.A 32%
March 24th stocks up average 130% over 8 picks
Recent additions are up 99% over 24 picks
Total BergDex public exposure is 106% average over 27 stocks
The #TakeoverKing's stocks featured here over the last 12 months are holding up extremely well (from 2014/15 lows) as we head towards the end of Q3:
$PE 4050% $GGS 2300% $AVA 880% $CRH 635% $SSP 573% $LIX 557% $NCA 456%
In $RCU at .09 on August 17th. The chairman is #TakeOverKing Gerry McCarvill, who is also running $AVA (up 880% this year)
https://mobile.twitter.com/peedeeheenee/status/765960147000668160
$AVA's McCarvill (The $6 billion Man) added the very credible Keith Minty to the Aurvista team as COO.
"Keith has done this before in his career by building numerous mines and raising over $1-billion (Canadian) to finance these projects worldwide."
"As president and chief executive officer of North American Palladium Ltd. from 1997 to 2003, Mr. Minty restructured the only North American platinum group metal project as a start-up with a $350-million initial public offering. He developed North American Palladium as the world's fifth-largest platinum group metal producer at the lowest operating cost with the highest productivity resulting in a very financially successful company."
AVA had a 1440% run from February to 0.385 on August 5th, before dropping to .18 on August 31st. This one should be aggressively accumulated as we head into October when the 0.06 PP becomes free trading. Let's revisit AVA on February 15th, 2017, to celebrate how these serial mine finders perform.
Added $KGL to the BeckDex on August 15, when I found out Jim Mustard was on board. Definitely worth watching. Credit goes to Rocket Red.
https://mobile.twitter.com/peedeeheenee/status/765264025189875713
My personal portfolio:
AVA CWM CXO DMA EMO GPH HPL IDI IDM JEM LAG LIX MCC NDR NGZ PRS WML XMG ABN CT CBG GFK RJX.A RCU (New) (10 of these are in the BergDex 27)
The BeckDex 70 percentage gains at month end from 2014/15 Lows:
$LIX 557% $SBB 433%% $IDM 200% $NXE 927% $PTM 193% $SKE 145% $JEM 150% $HPL 150% $IDI 75% $NCA 456% (Was CCY) $MCC 700% $BOL 133% $EAM 850% $CAP 700% $CRH 635% $GSH 537% $NFR 512% $NDR 329% $NGZ 375% $NX 217% $PGM 843% $WML 3233% $WPQ 180% $KES 1400% $BAR 251% $DMA 225% $MAG 152% $WKM 257% $RLG 3300% $CXO 840% $RST 900% $BAY 462% $WLF 140% $LAG 175% $GGS 2300% $GPH 54% $NEV 260% $IN 14% $TV 263% $BTH 56% $GLH 29% $KRN 131% $PE 4050% $KOR 185% $SSP 573% $RMX 300% $XMG 131% $PRS 400% $MAY 27% $AVA 880% $CWM 383% $EMO 325% $ASE 280% $GPY 1157% $SSV 1900% $KNT 52% $QBA 33% (Was KWC) $ABN 245% $AMU 140% $AWE 900% $TYE 150% $CT 2400% $CBG 467% $GFK 440% $RJX.A 230% $RCU 433% $KGL 400%
Over 1000% Exposure
* CT 2400%
* GGS 2300%
* GPY 1157%
* KES 1400%
* PE 4050%
* RLG 3300%
* SSV 1900%
* WML 3233%
Recent Reports
10-bagger Hunt: July Month-End Review (August 1)
https://ceo.ca/@50yearbeckfan/10-bagger-hunt-july-month-end-review
The Great Bull Market of 2016 Update and a Portfolio Addition (July 4)
https://ceo.ca/@50yearbeckfan/the-great-bull-market-of-2016-and-a-portfolio-addition
How Elon found US (June 12)
https://ceo.ca/@50yearbeckfan/how-elon-found-us
Ten-Bagger Update: ZZ Top & Muhammad Ali (June06)
https://ceo.ca/@50YearBeckFan/ten-bagger-update-zz-top-muhammad-ali
The Tina Turner Ten-Bagger Tour (May 23)
https://ceo.ca/@50YearBeckFan/tina-turner
Phil Collins and the Inimitable Dr. 7-Eleven (May 8)
https://ceo.ca/@50yearbeckfan/phil-collins-and-the-inimitable-dr-7-eleven
10-bagger update: Billy Joel and a 9-cent porphyry (May 2) https://ceo.ca/@jameskwantes/10-bagger-update-billy-joel-and-a-9-cent-porphyry
The Boss and BeckFan: 10-bagger update (April 25) https://ceo.ca/@50yearbeckfan/the-boss-and-beckfan-10-bagger-update
"I'm with The Police" - TSXV 10-bagger update (April 18) https://ceo.ca/@50YearBeckFan/summer
Eric Clapton: Rock'n Stock Talk (April 11) https://ceo.ca/@50yearbeckfan/eric-clapton-rockn-stock-talk
On Jeff Beck, Elon Musk and the power of intention (April 4)
https://ceo.ca/@50yearbeckfan/on-jeff-beck-elon-musk-and-the-power-of-intention
Kenny Rogers and the immutable law of reciprocity (March 27) https://ceo.ca/@50YearBeckFan/kenny-rogers-and-the-immutable-law-of-reciprocity
From the Four Seasons to Expo 86, and the Birth of CEO.CA (March 20) https://ceo.ca/@50yearbeckfan/from-the-four-seasons-to-expo-86-and-the-birth-of-ceoca
1974 All Over Again (March 13) https://ceo.ca/@50YearBeckFan/1974-all-over-again
The Trickle Down Theory: Large Gains in Junior Miners and Micro-Caps (March 7) https://ceo.ca/@50yearbeckfan/the-trickle-down-theory-large-gains-in-junior-miners-and-micro-caps
Finally, an Acorn for Us Mining Bulls (Feb. 29) https://chat.ceo.ca/@50YearBeckFan/finally-an-acorn-for-us-mining-bulls
Why I Continue to Bet the Jockey in Canadian Micro-Caps (Feb. 21) https://ceo.ca/@50YearBeckFan/why-i-continue-to-bet-the-jockey-in-canadian-micro-caps
The Takeover Kings: $25 Billion to Shareholders and $22 Billion in Current Market Value (Jan. 12) https://chat.ceo.ca/@50YearBeckFan/the-takeover-kings-25-billion-to-shareholders-and-22-billion-in-current-market-value
Betting on the Jockeys: The Yorkton Lithium Express (Oct. 19) http://blog.ceo.ca/2015/10/19/betting-on-the-jockeys-the-yorkton-lithium-express/
This article discusses highly speculative penny stocks. Nothing in this article should be construed as investment or professional advice of any kind. From time to time, the author may transact in securities mentioned. All facts are to be verified by the reader and all readers to do their own due diligence before investing including talking to a licensed financial advisor.
