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@Kristian Since most here don't invest in Australian companies, I'll mention Altura Mining $AJM for my 2016 top pick. Why? Soaring lithium prices + upcoming FS in 1st Q = Chinese bidding war. You've heard it from me. Check hot copper forum for good info and alturamining.com #lithium #contrarian
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@MiningBookGuy A couple new videos to share from my youtube channel (since I know you have nothing better to do on New Year's day!) 1. Doug #Casey rare book + best interviews https://www.youtube.com/watch?v=F3rrgTG64Qo+ *note - @tommy gets a well-deserved mention :) 2. The Big Short movie + thoughts on being a #contrarian https://www.youtube.com/watch?v=kcWulnKQdZg+ *note - funny that @WorldofMining posted yesterday when I was putting this video together! I probably liked the movie better than he did, but we agree Michael Burry/Christian Bale is the best part.
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@MiningBookGuy Re-posting bluedot article with some additional tags. Really good one, interested to see if @90bigpicture might have some comments/thoughts on this one: North Korea Is Newest Frontier for a Daredevil Investor http://www.nytimes.com/2016/01/14/business/dealbook/north-korea-is-newest-frontier-for-a-daredevil-investor.html James #Passin #oil #KOREA #NorthKorea #Somalia #Mongolia Peter #Schiff #Nauru #Uzbekistan #Kazakhstan #Firebird #contrarian Oh, and a quote from article: "Two of his funds are being liquidated after deep losses, including on banking in #Iraq, #gold in #Armenia and oil and gas in #Kenya." I wonder if he took a big hit on $LYD in Armenia.
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@MiningBookGuy New #MiningBookGuy Channel Youtube Clip! 1. 1000x Return in Penny Stocks?? YES, look at Penny Mining Stocks! https://www.youtube.com/watch?v=uOSBMIqLPU0+ 3 minute video. This is my shameless first attempt to convert American Penny Stock flippers into the mining stock world, maybe even get some at #ceochat soon. Let me know if you have comments! 2. Hugh Hendry - Rare Contrarian Book! https://www.youtube.com/watch?v=ys_kOB8wh50+ I posted this one a couple days ago. No response here...either very bad timing, or no one cares! One more time just to see. And also I did forget to post the direct link to the book...check it here: http://www.amazon.com/New-Market-Mavericks-Geoff-Cutmore/dp/047087046X/ I don't care if you watch the video. But I DO care if anyone actually follows Hugh Hendry, or if you've heard of this book...what do you think?? I've asked around privately, and I've been surprised that most people don't know Hugh. true #contrarian ideas, some great old youtube clips on him. And this book really is great too! #HughHendry #Hendry #books #pennystocks #pennyminingstocks
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@powerranger Has uranium bottomed out here? Thoughts welcome. Looking at some cheap plays $UWE #contrarian
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@Newton Yeah, @hihosilver -- who is taking #copper over #gold in this market eh? Especially for company named "Royal Gold"? The other options must have looked a lot worse... Unless they are making #contrarian play for copper here? LOL.
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@Newton Are we in the age of the contrarian? #contrarian
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@Newton When Everyone Wants to Be Different Being contrarian for contrarianism's sake rarely works. -- http://www.fool.com/investing/general/2016/04/20/when-everyone-wants-to-be-different.aspx #Contrarian #MorganHousel
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@Newton "But being a contrarian doesn't mean you found someone who disagrees with you. It's much harder and rarer than that. If you live in New York City, you are a contrarian in that most other people don't live in New York City, and would consider doing so a miserable prospect. But living in New York isn't at all contrarian. It's quite a popular thing to do within the confines of New York City, which makes it one of the most crowded, competitive, and expensive places in the world. Lots of people disagreeing with you isn't enough to call yourself a contrarian, because even a little support can make something popular enough to squeeze out opportunity. The same idea applies to investing." #Contrarian #Quotes #MorganHousel -- now if that doesn't sound like our special little community here, eh? I wonder if people here like to think of themselves as contrary or conventional? #poll #duh
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@Newton "Contrarianism is the key to huge outperformance. But we should accept that not everyone can be a contrarian, by definition. Real contrarianism is painful. It's lonely. It hurts. It's when everyone thinks you're nuts. Real contrarianism doesn't happen when you buy a stock that fell 10%. It happens when your clients threaten to sue you for negligence, your friends stop calling, and your wife wishes you'd find a new career. It's buying shares of Valeant, or Theranos, today." #Contrarian #Quotes. Hang in there, it gets better.
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@Newton ""The essence of the independent mind lies not in what it thinks, but in how it thinks." from #ChristopherHitchens. See https://en.wikipedia.org/wiki/Letters_to_a_Young_Contrarian #books #Contrarian
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@newstracker Why buy $TQM? Good assets and copper is low. So says Rick Van Nieuwenhuyse at #MinesMoney. #Contrarian
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@JamesKwantes Great having JC Parets here - trading mentality meets a roomful of believers #contrarian
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@Newton Love the whole "we are bad investors. We all are. Get over it." thing @allstarcharts. Interesting counterpoint to the "buyside needs momentum and relative strength" idea. Helps to have some sense of what other participants are doing. #contrarian
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@MiningBookGuy [76] Doug Casey | Clinging to Material Wealth is Unseemly https://www.youtube.com/watch?v=Iija6C7TdRg+ @AlbertKLu #DougCasey #Speculator #books #miningbooks #contrarian #entrepreneurship #AlbertLu interviews #DougCasey at his #ThePowerAndMarketReport youtube channel. I'm only 7 minutes through this one and it's awesome! Learning new stuff about Doug, and this is probably the most thorough discussion of his new book #Speculator (co-author @JohnHunt), which I highly recommend (getting lucky with really good books lately!). A longer clip, this is good 'late night' viewing. I'll tag #mbgtrends -- in case anyone wants to discuss content in this clip or the #Speculator book in the next few days in that room/channel.
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@MiningBookGuy @thesenator @tommy - awesome! i actually thinking majoring in #politicalscience / #history is a good #contrarian choice these days. great to have you here, looking forward to your #stocktoberfest notes!
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@MiningBookGuy well, that is kind of amusing seeing the Litle quote posted by @thesenator, immediately followed by @bullionaire's posts! One thing is for sure: Whether right or wrong, Litle's viewpoint is currently the #contrarian one
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@MiningBookGuy great specific points @Jayfire! btw, this is an important #contrarian point relative to discussion the index today (if any #lurkers here paying attention to both). For me, easily the BEST gains are PRE-DRILLING for the explorers...many of the reasons described by @Jayfire in his segment. People can argue all they want about this...but definitely keep in mind when people are talking about Warren Irwin and all the money he's made, that guys is a BIG-TIME fund manager with in-depth knowledge of mining/exploration (and likely a huge team to back him up). People like him (and people at ceo.ca with big money) are generally NOT going to do stuff like me. And one of the BIGGEST reasons is illiquidity in 'pre-drilling' juniors, and the inability to participate in private placements, etc. there's a lot to this...but just wanted to mention this for #mbgtrends crowd without too many tags. important, somewhat subtle details that i'm sure will come up again in the coming years (and can be discussed more now if anyone interested).
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@MiningBookGuy @Leon @Fischlaender @nobshere @GreenDay & Others - probably better to continue this discussion somewhere else. But wanted to at least add an article that will likely surprise many: The Myth of Putin https://geopoliticalfutures.com/the-myth-of-putin-3/ In a nutshell: #Putin & #Russia not as strong as most people think. I don't agree with everything in the article. But I agree with the key points here more than anything else I've seen. Also very #contrarian compared to the endless stuff saying #Putin / #Russia are in a position of strength. #GeorgeFriedman #politics #geopolitics #GeopoliticalFutures #mbgtrends
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@Newton So... a #copper discovery in a #uranium company seems funny to me. Something about adding more a new, unloved commodity to a company already full of an unloved commodity. Almost surprised the shares didnt sell down 10% on the news! That said, perfect #contrarian setup.
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@martin @LucTenHave I always have lots of time to read what you have to say. I am looking forward to reading your new website regularly. I love the #contrarian emphasis! #reratestocks
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@MiningBookGuy @Alan - thanks for sharing the #RickRule interview! I especially liked the bit on #ThomasKaplan, and of course the various #contrarian views pointed out. I'll need to do a search to see if I can learn more about the Kaplan #MinesAndMoney interview. As a sidenote - I don't fully agree with needing "A team, A deposit, etc." ...I actually think this is a HUGE point I will need to delve into in the near future, especially on "team vs. deposit vs. some other factors". In any case, this brief interview got me thinking, great use of ~4 minutes of my time! :)
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@MiningBookGuy @Alan - I've got 2 #billbonner favorites: 1. my favorite was my first read...doesn't pack the same punch today (i've read it a bunch of times), but it was really overlooked at the time, I read it just after release in 2007: Mobs, Messiahs, and Markets https://www.amazon.com/Mobs-Messiahs-Markets-Surviving-Spectacle/dp/0470474807/ #MobsMessiahsAndMarkets 2. and my 2nd favorite is Family Fortunes: https://www.amazon.com/Family-Fortunes-Build-Wealth-Years/dp/1118171411/ #FamilyFortunes I should read that one again in a few years... very #contrarian ideas on how to manage money. #books
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@MiningBookGuy @Alan @bullmarketmove *sidenote - the funny thing is that I know Doug made the bulk of his fortune in the 90s from following this playbook, especially on Robert Friedland's Diamond Fields (I think). But that decade was soooo easy to make money following a variety of other strategies, even passive investing, especially focused throughout the US and Europe. I strongly believe the next few years are going to be very, very hard for typical people. But these #contrarian strategies will easily be the #1 way to make and/or preserve money. So while this particular book was great for the 90s, the general ideas could be even more valuable now. #CrisisInvestingForTheRestofThe90s
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@newstracker A simple contrarian​ investing strategy has produced a 31% return so far in 2016, versus about 11% for the S&P 500 Index, according to the December 15 Global Equity Strategy report from Citigroup Inc. This has been the third-best year for that strategy since 1998. Its strong performance in 2016 was driven mainly by a rebound in commodities-driven stocks, including those in the mining, metals and oil sectors. http://www.investopedia.com/news/rich-profits-how-contrarian-investors-are-winning/#ixzz4TZEt5bKO #goagainstthegrain #contrarian
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@MiningBookGuy Follow-up post for @TheNextBigRush / multi-bagger discussion: 2. Honestly, when I was just thinking of mentioning that 10-baggers = 900% return on Fabi's youtube page, I did 'doubt' myself, because many people still think 10-bagger = 1000%. This is a 'broader' comment...but this type of 'doubt' hits me ALL THE TIME, and probably you guys too. There are many things in investing/speculating that are believed to be 'common knowledge', that are just plain wrong, or more subjective than they seem on the surface. I just thought I'd bring this up as a discussion point, because it's really, really important to take a #contrarian mindset, whether you are making decisions on buying/selling stocks, or just researching things at ceo.ca and 'buying into' the ideas of other people on this site (like me!). It's a constant struggle to stay 'independent minded'...but I think it's key to long-term success here. This thought goes way beyond discussing #multibaggers ...but it was an important one that crossed my mind, and I thought it was worth sharing, especially for #mbgtrends followers and #newbies
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@MiningBookGuy THIS stock is being DESTROYED - what I'm doing about it https://www.youtube.com/watch?v=kyaegvg10xw+ @TheNextBigRush $ANF $BGS.AX $FF $GOLD.v #timing #contrarian #mbgtrends #newbies #TheNextBigRush Great content! try not to skip through any of it...this is a valuable perspective. includes shout-out to @Jayfire!
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@MiningBookGuy @KevinS RE: https://ceo.ca/mbgtrends?f30f3ef0ceaa - thanks for sharing! like @FundamentalAnalysis, I never visited this site (though recently started seeing articles being shared). I will be checking on a regular basis. #TheMacroTourist Specific to this article, it was funny and I LOVED this quote (*Note - I'm horrible at bbq'ng! :P ): "My delusions about my mad bbq’ng skills are similar to everyone’s belief they are contrarians. Whether it is the NYSE specialist, the Chicago pit local, the Bay Street equity trader, the London credit specialist, or even the guy at home trading in his underwear, we are all consumed by these romantic narratives where we bravely battle the naive masses to nail the next great trade. But the reality is that we can’t all be contrarians. If we were, then it wouldn’t be contrarian…" #Contrarian Yes, #Grains sound interesting. On the other hand, he gets into #the1970s #inflation logic as a reason for this at the end of his article. How could he completely be missing #mining, let alone #exploration?? Anyway, this is no different from most 'macro tourists'...i think most of them want QUICK plays where they can add a lot of leverage and HUGE liquidity. lucky for us, liquidity is not too much of an issue, things can happen quickly here as well, and 'additional' leverage this is completely unnecessary in the junior space for big gains. Someday, #junior #mining will likely be part of a post in #TheMacroTourist and similar #macro themed blogs! #mbgtrends
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