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I'm sure Eric Sprott isn't familiar to many Americans or non-American readers of itulip but he is a legendary money manager in Canada. Here's a good, timely interview with him:
http://www.theaureport.com/pub/na/2060
His position vis-a-vis mining equities is responsibly low key. But I assure you that the portion of his fund's returns contributed by junior mining and resource equities generally is substantial. He is an excellent stock picker.
I thought I would post it here partially because I watched an interview with Faber on Bloomberg last week where he recommended junior miners and explorers. I almost fell off my chair. I have never heard anyone this senior - outside of resource stock specialists - recommend this sector. Got me thinking.
Without being too vocal about it, I am one of the fringe here who like - especially junior - mining equities. I respect EJ's position that, generally speaking, mining companies are horrible investments. I think that's true. Finding a great gold or precious metals company is, in result if not method, like winning the tri-fecta (huge pay offs, statistically very unlikely.) But it seems to me that most investors treat these companies as if there must be a roulette wheel sunk in the middle of their board room table. Or they're treated as dirty, extractive industries (by people who are only too happy to use the essential minerals provided - Ill leave that subject alone.)
I have found that you can make money on these kind of generalisations: the key skills are rooted in science (at least in exploration), and the track record of management can be traced and verified with good due diligence. The best of class management and geological teams build billion-cap operations from penny stocks. If you can get some expert insight into the business to cherry pick the best prospects the returns can be enormous on very small investments.
So, getting to the point I wanted to recommend a few sites / services that I have found helpful:
Inka Kola News: http://www.incakolanews.blogspot.com/
Covers Latin American news and investments (principally, but not exclusively, mining.) Great window into Latin America in all aspects from a very thoughtful, politically astute and, must be said, snarky stock analyst. He imparts, in mercifully short and often very funny posts, years of hard- won wisdom. Just a great blog.
The Coffin Brothers: http://www.hraadvisory.com/
I have subscribed to about 5 different newsletters and they have been good, sometimes great at times. But I trust the judgement of these two. There is far more hard edged knowledge of mining here than the others who sort of dumb it down. Also better, more realistic sense of market dynamics and trading than generally available.
Mickey Fulp: http://www.miningcompanyreport.com/
A recent entry to the newsletters but I very much like his picks and rationale for them. Very conservative in his write-ups. Geologist by trade like the Coffins.
I have always appreciated that itulip has never devolved into a boring "investment blog." It somehow calmy surveys the economic field of battle (on the individual, national and world stage) as if we were all adults that could manage our own affairs - fancy that! It is also blissfully free of "stock picks." This is simply meant as a pointer to to some resorces that I have found valuable.
http://www.theaureport.com/pub/na/2060
His position vis-a-vis mining equities is responsibly low key. But I assure you that the portion of his fund's returns contributed by junior mining and resource equities generally is substantial. He is an excellent stock picker.
I thought I would post it here partially because I watched an interview with Faber on Bloomberg last week where he recommended junior miners and explorers. I almost fell off my chair. I have never heard anyone this senior - outside of resource stock specialists - recommend this sector. Got me thinking.
Without being too vocal about it, I am one of the fringe here who like - especially junior - mining equities. I respect EJ's position that, generally speaking, mining companies are horrible investments. I think that's true. Finding a great gold or precious metals company is, in result if not method, like winning the tri-fecta (huge pay offs, statistically very unlikely.) But it seems to me that most investors treat these companies as if there must be a roulette wheel sunk in the middle of their board room table. Or they're treated as dirty, extractive industries (by people who are only too happy to use the essential minerals provided - Ill leave that subject alone.)
I have found that you can make money on these kind of generalisations: the key skills are rooted in science (at least in exploration), and the track record of management can be traced and verified with good due diligence. The best of class management and geological teams build billion-cap operations from penny stocks. If you can get some expert insight into the business to cherry pick the best prospects the returns can be enormous on very small investments.
So, getting to the point I wanted to recommend a few sites / services that I have found helpful:
Inka Kola News: http://www.incakolanews.blogspot.com/
Covers Latin American news and investments (principally, but not exclusively, mining.) Great window into Latin America in all aspects from a very thoughtful, politically astute and, must be said, snarky stock analyst. He imparts, in mercifully short and often very funny posts, years of hard- won wisdom. Just a great blog.
The Coffin Brothers: http://www.hraadvisory.com/
I have subscribed to about 5 different newsletters and they have been good, sometimes great at times. But I trust the judgement of these two. There is far more hard edged knowledge of mining here than the others who sort of dumb it down. Also better, more realistic sense of market dynamics and trading than generally available.
Mickey Fulp: http://www.miningcompanyreport.com/
A recent entry to the newsletters but I very much like his picks and rationale for them. Very conservative in his write-ups. Geologist by trade like the Coffins.
I have always appreciated that itulip has never devolved into a boring "investment blog." It somehow calmy surveys the economic field of battle (on the individual, national and world stage) as if we were all adults that could manage our own affairs - fancy that! It is also blissfully free of "stock picks." This is simply meant as a pointer to to some resorces that I have found valuable.
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