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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.
@turnpikerBack in 8/28/2007, there is this article on #RickRule, “Contrarian or Victim, the Choice Is Yours”, which can still be found at
The first few paragraphs read:
In resource investment markets, one can be a contrarian or one can be a victim, and the choice is one's own. Having once been a victim, I chose the other path. Natural resource industries are cyclical, volatile, emotional, over regulated and capital intensive. That’s the good news. If you accept markets for what they are, while other speculators operate in ignorance, you have an advantage in the market. Being a contrarian is hard. That’s the other good news. Most speculators cannot act in contrarian fashion, for reasons we discuss later.
Most speculators want to be contrarians when it's popular and comfortable, which is a challenging task.
The rest of the article is also revealing of Rick’s thoughts and philosophy.
@bullmarketmoveThanks for posting that @turnpiker great article. I find #RickRule to be one of the best investors out there, his lessons are simple but very hard to put into practice and stay disciplined.
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@Alan@bullmarketmove- Yeah, I'm doing more digging into the company. The #uranium market has moved up fast recently and I decided to sell my positions in $UEC and $U last night. Uranium is getting a lot of attention which means my interest in it is lessening. Time will tell though. Oh, loved the 2nd interview you did with #rickrule by the way.
@KevinS#mgbtrends#uranium#newbies Hey peeps. So I've been taken by surprise by the pace of this uranium rally as I was planning to keep DCA into gold sector weakness up to Trump inauguration then fill me boots with uranium shares. Is there any advice for those of us still patiently waiting on the sidelines?! I'm reluctant to chase this sector as it seems to have gone so far so fast with charts spiking vertical in some instances. However when one looks at the very long term 10 year charts for a lot of companies such as $UUUU and the also $URA this is but a MINISCULE blip in the bottom right hand corner!!!! Also #marinkatusa suggested one stays patient this year. Saw on a video that #rickrule suggests summer being a good time to buy. Are they right or have they missed calling the bottom?! Btw I'm a buy and hold investor but a stickler for a bargain. I'm thinking of waiting till min late Feb or March until the fix is definitely in. Any thoughts? :)
@bullmarketmoveThat's a great article @Alan and the last quote sums up why he's so successful and most investors aren't.
“Almost every big success I’ve had experienced a 50% decline in share price before it went ten to one.” #RickRule
@Alan@FundamentalAnalysis- great post there. I'm also invested in $SII for about 2 years now and I'm very happy. I agree with your comments. It is a great business model with low capital costs to grow the business. As commodities increase in value over the next few years, #sprott is perfectly positioned as the premier expert in this field. Plus at the helm are people like #rickrule#ericsprott.
@AlanIt's interesting to hear the comments on here regarding companies like $FF$GOLD$BRI and other well promoted stocks. All the attention (whether good or bad), generates further attention and promotion. What I do know is that #Keithneumeyer and #amiradnani have attracted the attention of well seasoned investors and speculators like #rickrule and #dougcasey. Ask yourself why is this is the case? Good people find good people. If they didn't, they probably wouldn't be good people. Insider buying is strong in both companies mentioned and have- what I believe- is great management and great owners. They are well known in the junior mining market. They bought up properties in a bear market for cheap and wrapped them all up in a company for us to become owners of. Now I am biased as I own both but as a speculator I'm trying to buy the 4% of people that generate the 64% of the returns. #mbgtrends
@MiningBookGuy@bullmarketmove - forgot to comment on your recent posts. can't wait for the #RickRule interview! the last 2 were fantastic :)
also, great call/exposure you provided to $GXU. will be interesting to see Rick's comments on this one...I missed buying it so far. but very interested to see if they get the timing just right to turn this into a #uranium mine when the 'uranium bull' is (likely) full strength in a few years!
@Alan@bullmarketmove- fantastic interview. Again, you ask some great questions which gets to the main principles of #rickrule investment strategy and his mindset in regards to dealing with wins and losses. How did you meet him? Are you from London yourself? A quote of note: 'not seeing very much in the market to buy, which is a classic sell signal'.
@rackerMore #RickRule$CDB long, Rick likes the exploration potential and Friedland involvement but calls it speculative
$SLW "the premier silver equity" - CRA dispute built into price, Rick says. "His gross is his net."
@rackerNevSun $NSU#RickRule's top pick on BNN. Oversold, met problems will get resolved, Timok is Tier 1, the 1 year outlook is good, the 5 year outlook is fantastic... Well funded and generating free-cash.
@racker$ALS "Market is a little ahead of itself but Altius has been ignored... People are bored of Altius... I love to be bored... The alternative is being terrified... Very high quality name." #RickRule
@backstroke_@pamplonaTrader not sure I would draw that conclusion on DRC. Cobalt as a by-product of Cu, and #RickRule is long DRC Cu ie $IVN Granted no cobalt at Kamoa-Kakula - what would $IVN be worth with Co!
Think his point is more that DRC/Russia are risky if you want to invest in real #cobalt projects.
@F6@racker I'm thinking that making a comparison between $ALS and $SRHI would be appropriate, though $SRHI does not pay a dividend. I'm assuming that a good dividend paying stock with a reliable yield woukd be worth a lot.
@Excelsior#Korelin Economics Report - Saturday March 25, 2017
#GOLD STUCK IN LIMBO WITH THE US ECONOMY CONTINUING TO STRUGGLE
"This weekend’s show focuses on hard data for the US economy and the main drivers in the gold price. Even though gold garnered a buy on Wednesday and has stayed above the $1,200 mark it remains in “no man’s land” as George Gero says in segment 7."
> Segment 1 & 2: Kicking off the first two segments I have #DanOiliver the Founder or Myrmikan Capital based in New York. We discuss the history of #CreditCycles and where the US is currently. In the second segment we look at the #gold market and what could drive prices in the future.
> Segment 3: #ValentinSchmid, Business Editor of the Epoch Times weighs in on the fact that the US #economy has not improved.
> Segment 4: #AdrianDay, Founder of Adrian Day Asset Management shares his views on how to invest when #InterestRates are rising.
> Segment 5 & 6: #RickRule joins me for the first two segment of the second hour. We discuss the change in central bank policies around the world and how this will impact the #PreciousMetals and other resources.
> Segment 7: #GeorgeGero, Managing Partner at RBC Wealth Management updates up on the #OpenInterest in gold and why he does not like the fear trade driving the #gold price.
> Segment 8: #BrienLundin wraps up our show further discussing the fear trade into #gold recently.