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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Brendan@ocotilloredux you are a disgrace buddy. you're saying you'd like to murder 3 Russian (? actually I think they are American) bloggers because they are "fake news". the society we live in allow all kinds of scum like you to voice their thoughts... except when it comes to threats of violence.
@BrendanFor what it's worth, I came across zerohedge in 2010 during the flash crash - I found they had a post with audio to the S&P pits and thought that was interesting. Then for a while (I don't think they do it anymore) they constructed stat models showing how rich/cheap certain indices (like S&Ps) were to models (like bonds, Eurodollars, FX etc) I found that very useful. Then I noticed that authors I'm a fan of (like say Taleb and Ron Paul) started getting heavy coverage there. Since that time, they have strayed a bit from what I would call their core competency - which I understand since we've had years now of one way up markets in stocks and down in metals - and they have a bias the other way ( I probably do too) I don't find them as useful as I did, but I still read them sometimes. I dont' have a problem with someone voicing an opinion whether I agree with it or not. Also, just because someone is not anti-Russian, doesn't mean they're Russian agents
@BrendanAll that said, I also subscribe to FT and love it. I haven't come across another outlet that writes as well as they do. Their editorial page is pretty leftist, but their news coverage is straight down the middle unbiased. They also have a lot of column inches devoted to oil gas and mining. I try to cover a broad base of perspectives to keep from being led astray ideologically.
@Brendan@ocotilloredux@Murat or anyone else concerned. This is pretty interesting. I have to imagine there are some kind of Terms of Service for ceo.ca. I also have to imagine that @ocotilloredux is in violation of them. In summary he issues soft death threats against Zerohedge bloggers, I call him out on it, he issues profanity laced insult reply to me. then gets lots of approvals, thumbs up, attaboys from his pals. Oh and to answer your question/demand, yes I have provided some value. You see, I don't talk much but when I do, it sometimes is useful. Like when I debated 90sbigpicure on January 19 2016 about whether it was a good day to buy Teck (I thought it was a good day to buy it - he didn't... BWDIK it was a lively debate all the same) or when I told the board I was buying Freeport, anglo, Vedanta around the same time. or when I said I was buying Katanga at 16 cents. Or when four weeks ago I said it was a good time to buy gold at 1225 - or silver three weeks ago at 16.25. I guess I could go on but what's the point? I am alone and you have all your friends here to slap you on the back no matter what you say. So I guess I'll step out and let you do whatever it is that you do. Doug Beattie is it? Good to know, I'm getting to know more and more people in this business - it's good to know who are honorable and who are charlatans. I'll keep an eye out for you Doug - if our paths ever cross on some future base metal deal. Zinc is one of my favorite plays right now actually, so it could happen. I had a decent run on Vedanta and am looking to buy in to something else
@Brendanyes, if they implemented a gold standard at that price, I guess you could call that devaluation in a way. Exchange rates have no fixed value now, so the term "DE value" does not apply if you are a word stickler ;)
@BrendanIMO the worst of the GDXJ is over and we should rebound for the rest of the week and beyond. Friday may bring some vol but I don't necessarily think it will be all downside. Today was a good time to add futures, I added silver and platinum. I am about as long as I want to be. Stocks I've added recently: teranga, perseus, semafo, anglo, primero.
@Brendanyour favorite midtiers are going to jump back and forth 3 or 4 percent this afternoon but if you're looking to get in at a 20% off sale this afternoon, you are disappointed. just my opinion from seeing this before.
@MiningBookGuy@Brendan - when i re-read my comment, i was kind of thinking that. the reason I made it is that he has pounded the table so, so much on it, like somehow ag/farmland was going to rise above all other asset classes, everything else in the commodity/real estate sector.
he has just been really wrong on this for a long time, and he lost a lot of credibility in terms of making calls for me. I know he used to do Barron's interviews in the early 1980s. THAT was the time to listen to #JimRogers!
@Brendanyou've already had the huge buying opportunity over the last month in the names being cut... IMO the best of them - $rsg.ax$smf$tgz off the top of my head not sure what else was in there maybe $pru.ax$org the thing about markets is they are forward looking... this has been known for months and price reflected that a long time ago
@Brendanprice/book can be used as a guideline in valuing producers... it works with companies that have been through multiple boom/bust cycles and DON'T write up/down their properties. investment decisions can be made based on whether they are at the low/high end of the p/b range and what point in the cycle you are.
@Brendanyeah it's funny when someone tells ME that the tools I use have no predictive value. In this case it was p/b. Usually it's something along the lines of technical vs. fundamental. A lot of people used to say technical analysis is worthless. Me and a lot of people use charts to make trades, and money has been made... so I guess what is their definition of worthless?
@BrendanAlso, for a company where management has integrity, skin in the game and are not serial diluters or restructuring happy, P/B can be a useful tool. It reflects how much this management paid for their capex or investments and if they are competent, it should hold its value through cycles
@Brendan@tim_oliver there was a section of taleb's last book that described how the biggest trader of "green lumber" futures didn't know what it was. He thought it was dyed green or something - didn't even know it meant fresh cut trees - or something like that. not a company, but same concept
@Brendanthe "fundamental" guys kept coming to this trader for advice on supply or new acreage planting and realized pretty quickly that this guy didn't know anything about the "fundamentals" of lumber - but he did know how to trade it
@BrendanI think people used to think that investors couldn't beat the market... even in the face of evidence to the contrary. people still believe in efficient markets even though investors like buffet and his followers have shown that investors can beat the market.
@tim_oliver@Brendan - I imagine the investing world looks way different to Buffet than it does to us. He can wait for one thing. We venture investors jump around like Mexican jumping beans, or sailors with chimp shit on their whites.