I’m adding the following three companies to my model portfolio this morning. The theme in all three are they were former high flyers that lost a very large percentage of market capitialization but appear they can be more than just survivors going foward. They are:
Harry Winston Diamonds HWD-NYSE $1.95 U.S. HW on TSX $2.40
Nevada Copper NCU-TSX $.22
Platmin Ltd. PPN-TSX $.60
Is it too late to buy some more NAK? Please advise. thanks!
susan – I can’t give individual advice. I’ll say again, the no-brainer plays to me are shorting the long end of treasuries now, going long the canadian dollar and metals plays
wow commodities are like popping corn…one after the other…pop pop….nat gas etf popped over 30 cents in a clean swipe…hnu etf…gold huge…etc etc….
thank you Peter….did not mean to put you on the spot. Today should be making you feel pretty good. Enjoy it!
question for cdn investors
i am considering using credential for my self directed rrsp fund
are there better firms to deal with?
Haven’t heard anything bad about Credential… but personally like banks like Royal’s Action direct or Cibc’s Investors Edge…
Hi Peter
Check out San Gold – SGR on venture exchange in Canada. This is absolutely my favourite gold producer, with really good potential. Company had news today too.
Also, nice move on Northern Dynasty!!
Peter,
I’m surprised that you are recommending Platmin over Anooraq. Is because you see more favorable results coming Platmin, given that the financing has yet to be completed by Anooraq.
Like Jacquie I would also appreciate your views on SGR and their recent gold discoveries. You were the reason I purchased NDM many moons ago, and I find you very informative.
Thanks for the advice on Coeur D’Alene !! I made back today what I lost in GIX !
I called NAK/NDM investor relations yesterday to ask there take on the recent run up in stock price,he said it wasnt due to anything the company has made for news,and he was not aware of any near term news that would boost stock prices.he speculated it was the price of copper driving it up.
Well Susan you need to ask yourself if NAK has anymore upside. You have to make a decision whether they have a good deposit, a good management team, and are well financed. I think you know the answer to all of those questions. So I’m not sure what buying point you are trying to get in at, but you need to make a decision, and make sure you have an idea of when you are going to get out of that stock.
As far as companies that have been beaten down that have great value, a couple of my favorites are Aurcana (AUN-TSXV) and Silvercorp Metals (SVM-US/TSX)
And to Rocco, nice to bump into you again. It’s been a while.
PART II OF AN EDUCATIONAL SERIES …….. This is what happens to the American Standard Of Living when the U.S. Dollar loses its roll as ‘World Currency Reserve’.
http://www.youtube.com/watch?v=CGWMs5cdQ2k
You saw the video clip of ‘Deep Impact?’
It’s a representative analogy of what will happen to the American Standard Of Living when the U.S. Dollar loses it’s place as ‘Reserve Currency Of The World.’ In the end, you’ll see that “Obama destroyed everything in his first 100 days in office.” It’s probably irreversible at this point, due to the large spending programs, deficit spending and now ‘Monetization’ of the debt. The American people are going to pay a tremendous price for their stupidity in the polling place. I’m bitter about it.
Months ago, Russia, The Middle East, China and several other nations agreed to creation of a new Gold or commodity backed currency in the event of a U.S. Default.
The announcement of a first tranche $300 Billion monetization of the U.S. Debt is clearly a defacto default that will lead to hyperinflation and of course is debasement of the currency . After this first round of ‘Monetization’ the World will shun the U.S. Dollar and only the Federal Reserve will be there to buy succeeding offerings which will grow ever larger.
Now supposedly, this new currency agreement is already in place and would be triggered upon the default event which has just occurred. The United States and other heavily indebted nations will be excluded from this newly created currency.
At the time of the agreement, China & Russia were fed up with the United States floating paper around the World to solve its problems and they probably want their pound of flesh too for the sub-prime debacle which spread to their institutions. War can be waged economically, and under the circumstances of the debilitated U.S. economy and huge budget deficits among matters, we are at a distinct disadvantage.
Somewhere, probably before long, the U.S. Dollar will lose it’s Reserve Capacity role and that clip from the movie “Deep Impact” is fully representative of what will happen to the American Standard of Living. The incredible scheme of the U.S. Dollar as ‘World Currency Reserve’ was responsible for the high American Standard Of Living and unfortunately we can’t go on fooling the World to give us resources and manufactured goods merely printing Dollars in return.
Obama’s worshipers will grieve what his ‘Porkulus Bills’ for $800 Billion, $400 Billion and more to come have done to them. We tried to stop them and in the end the simple minded and lower income groups will suffer the most because the average American will be totally wiped out financially…..TOTALLY! This is going to be so serious it will effect everyone right down to what they have or don’t have to eat each and every night for Supper. You will need food stores and basic essentials for personal security and currency. The government has secured stores of food supplies and fuel for their own needs and you would be wise to do the same.
Just imagine what the cost of a gallon of Gasoline or heating Oil might be if we have to exchange a hyperinflated Dollar for a Gold or commodity backed currency to buy our energy needs. The same thing holds true for all consumer goods which are mostly manufactured in Asia. Incredibly, the United State imports 1/3 of it’s food supply so a lot of people might go hungry if not starve to death. Hyperinflation is living hell and you must be well prepared to stay ahead of it if possibly.
Expect social chaos and great economic upheaval in the coming economic collapse with runaway price inflation. Somewhere, It will become so severe that we can expect a suspension of our constitutional rights along with the free election process leaving us with authoritarian rule under Obama. You do remember the F.E.M.A. camp videos that were sent to you?
Lastly, you’ll need practical firearm protection for your home and family. Be prepared.
Peter -
Ano/arq finally woke up yesterday and added 50% (the last few days) Somebody must figure the ‘deal’s comin done.
No published news that I can find. Is there scuttlebut to be heard? Thnx man
raver
Thanks, Peter! Nice recommendation on the Harry Winston. Had been looking at it, but your comment pushed me over the edge, and I bought in just before the close last night. And what a leasant surprise on the Kinross/HW announcement. Nice pop on the HW share price this morning. Closed at 2.28 CDN last night, and opened at 3.90 CDN this morning!
Hi Peter,..thanks for mentioning Platmin Ltd. This stock looks very interesting. Do you believe it’s currently undervalued considering production is exp. to start in March.
Thanks
Lex