Loading ...I found this report very interesting, especially the statement about a stock that drops 95% and then gains 100%. Read it and see if you do too.
“We’re seeing either a major bottom in commodity prices… or the end of the world,” Robert Friedland, executive chairman of Ivanhoe Mines Ltd., declared Tuesday to the attendees of the Sprott-Stansberry Natural Resource Symposium.
“But I don’t think it’s the end of the world,” Mr. Friedland continued. “The U.S. economy continues to recover bit by bit; the European economies are finally starting to improve… and the Chinese economy is much stronger than the financial media would have you believe. So I think we’re getting close to a major low in commodity prices.”
“But,” Mr. Friedland was quick to add, “you can’t just buy any commodity… The commodities I’m buying with my own money are copper, palladium, platinum and zinc.”
Mr. Friedland’s cautiously optimistic outlook seemed to resonate with the standing-room-only crowd here in Vancouver. But at the same time, conditions in the commodity sector have been so grim for so long that most natural resource investors have become accustomed to misery. And they can’t bring themselves to believe that the misery might end soon. Instead they couch their few remaining shreds of optimism in terms like “eventually” and “over the next few years.”
No one wants to try “catching a falling knife” in the resource sector. After all, anyone who has tried to catch “cheap” resource stocks during the last few months has lost a few fingers… if not wrists, arms and shoulders as well.
Even Robert Friedland admitted to as much. “I thought my stock [Ivanhoe Mines] was cheap at higher levels. So I bought stock at $2. I bought more at $1.50.” Yesterday, the stock closed at $0.51.
The flip side of this painful sell-off in resource stocks is that the lower they fall, the greater the likely magnitude of the ensuing bull market that may occur… eventually… over the next few years.
Steve Sjuggerud, editor of True Wealth, quantified the potential reward very poignantly during his presentation. “If a stock falls 95%, then jumps 100%, where would it be?” he asked the attendees. When no one blurted out the answer immediately, Steve answered the question himself: “A stock that falls 95% and then jumps 100% would still be down 90% from where it started.
“Lots of resource stocks have fallen 95%,” Steve continued. “So even if they were to double from here, they would still be down 90% from where they started. They could triple and they would still be down 85%! So there’s a lot of room for beaten-up resource stocks to run.”
Cheers,
Eric J. Fry
Bombshell: CDC deliberate destroyed evidence linking vaccines to autism
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The CDC has just been caught yet again committing scientific fraud.
Thanks to Congressman Bill Posey, we’ve now learned that the CDC deliberate destroyed evidence linking vaccines to autism. The actual quote from the CDC scientist is: The remaining four co-authors all met and brought a big garbage can into the meeting room, and reviewed and went through all the hardcopy documents that we had thought we should discard, and put them into a huge garbage can. The CDC, in other words, is guilty of science fraud: |
Speaking only for myself
I cannot imagine a more enjoyable and wonderful life than I have had the pleasure to live. I was able to do everything I wanted to do, in both the business world and later in developing my rural ranch in BC in harmony with nature. IMO I hit life’s sweet spot where there were many opportunities for anyone with the initiative to see them or create them. Sure, there were setbacks and sorrows, but that is called life. But IMO that is all now pretty well in the past, unless a person chooses to use dishonesty and corruption in order to get ahead. Governments have become bloated bags of puss, more corrupt than ever in order to maintain and increase their stranglehold on their people. Big business has driven all the small entrepreneurs out of business and bought off all the legislators. All new laws are for the benefit of big business and government, not for the average citizen.
So what I see now is we are in a period of survival, not of prosperity. While I had a great life I do not expect my children to be able to enjoy the same. Did I create the environment they are faced with?? No!!! Certainly not!! And I will not stand for being told “it is your fault”, because it is NOT my fault. The things I did were for the betterment of the world, not for the destruction of it. The things I taught my kids were love, honesty, and integrity, not lying, cheating, stealing, and destroying our beautiful planet. Would I “erase” a few people from this planet, people I know are creating or increasing the corruption we are facing, if I had the opportunity??? DAMNED RIGHT!!!!! I have to observe what I am helpless to do anything about, right before my eyes, and I am helpless to do more than possibly sign petitions and make a few posts exposing the corruption as I see it.
Well, enough said. You know where I stand, and all the best to those who feel the same. Silverngold
Buygold @ 14:19
Maybe it’s the best time for the NWO and the banking thieves who run things. They’ve been doing awfully well. For other folks though …
I guess it depends on where you were born. We’re just lucky we weren’t born in Syria or Iraq or the West Bank etc.
Ipso – LOL
“This really is, to put it simply, the best time to be alive.”
I wonder if the people in Syria, Iraq, Libya and the Palestinians would agree?
I see there were Israeli extremists who burned down a house on the West Bank yesterday, burning a toddler alive. I wonder if the toddlers parents feel like this is the best time to be alive?
Richard640 @ 10:41
“a new age of prosperity emerge in America”
That guy’s going to get a rude awakening!
an observation:
what do rand paul, scott walker, the donald, carly fiorina, and ben carson have in common?
they’re not lawyers.
Auandag@1:03
Thanks for that!! The whistle has been blown on vaccines and what “they” are using them for…..IMO depopulation….and yet the USA and some other countries are still pushing for mandatory vaccines. That tells me much of the world leaders are in the same club.
Same with GMO’s!! While the USA is making mandatory GMO LABELING illegal so the consumer does not know what he is eating, some other countries have made GMO’s themselves ILLEGAL to either grow OR import.
I wonder if there are two different clubs??? Is there maybe a correlation between the BRICS Nations and no mandatory vaccines and no GMO foods or at least mandatory labeling of GMO foods…….and the rest, UNITED NATIONS and Agenda 21, who are pushing for mandatory vaccines and no GMO labeling????????????
Is one club (UN) trying to depopulate the world using war, vaccines, and GMO’s…………………………
While the other club (BRICS) is taking the opposite stance??????????????
Just thinking out loud and I have not researched it, nor do I have the time to do so, but it may be something to keep in mind!!!! All The Best……Silverngold
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stop getting angry and outraged over reactionary topics, instead of actually seeking out opportunities and being successful.
This is from A Zero Hedge thread:
but most are interested a pointing fingers at J00s or the Pope, or masonry, or some other boogey man conspiracy. they have zero intentions of actually going on a journey and living their lives.
I’ve pretty much abandoned my “patriot” views and now see the world through the eyes of the big boys. I tried hard for years to create a mass awakening, but most are interested a pointing fingers at J00s or the Pope, or masonry, or some other boogey man conspiracy. they have zero intentions of actually going on a journey and living their lives. All the patriot’s shortcomings are blamed on the illuminati instead of their own lack of motivation. Finger pointing is useless.
Playing devil’s advocate, if one were to take the information on Zero Hedge and avoid stocks, and buy PMs at all time highs, they would have gotten reamed.
I do enjoy reading this blog for its different perspectives, but at the end of the day, I am subscribed to other newsletters that actually provide better information for closing deals.
Fight club is entertainment and agree with ZH’s disclaimer. My mentor reads ZH purely for entertainment, and laughs because it doesn’t “get you paid”. He laughs at CNBS for different reasons, so from his perspective, it’s the pot calling the kettle black for CNBC mocking Zero Hedge.
It’s been months since I’ve posted on here because I’ve been busy lurking on other sites with what little freetime I have anymore, but it’s the same old right-liberatarian drivel whining about free markets, when markets were never free to begin with.
Instead of getting “outraged” about HUD and EBT, there are strategies out there to profit from this set of circumstances. I know it’s easier to flag wave Americuh and get angry and outraged over reactionary topics, instead of actually seeking out opportunities and being successful. Never before in history has there been so many entrepreneurial opportunities out there, but instead of taking the leap, it’s easier for Joe the Plumber to whine about Obama. With eCommerce, and LLC creation, and Square, and all sorts of tools out there to make startups easy, people would rather whine about the job market and tune out drinking beer and watching ballgames instead of staying up late working part time on their fortune. Jim Rohn used to blame the traffic, the weather, taxes, and the government, for all of his problems; but his mentor corrected him, and told him you can only blame yourself.
I’ve pretty much abandoned my “patriot” views and now see the world through the eyes of the big boys. I tried hard for years to create a mass awakening, but most are interested a pointing fingers at J00s or the Pope, or masonry, or some other boogey man conspiracy. they have zero intentions of actually going on a journey and living their lives. All the patriot’s shortcomings are blamed on the illuminati instead of their own lack of motivation. Finger pointing is useless.
The Zerohedge community adheres to a religion of pessimism, even as stocks continue to make all-time highs, and our economy and housing market continue to recover. There is absolutely no denying that we are in a strong recovery – NFPs have been consistently positive, interest rates remain low, and stocks continue to rise. All of these indicators point to a sturdy, unshakeable recovery that continues to chug along despite the perceived ‘economic turmoil’ in Europe and China. And as our Federal Reserve and government continue to nurture this recovery with monetary and fiscal stimulus, we can expect to see more improvements and a new age of prosperity emerge in America and the rest of the world. So raise your heads, relax your shoulders and smile – you live in the best country in the world on the precipice of untold economic prosperity. Never before have had the opportunity to live under such advanced scientific economic management, and to reap the rewards thereof. This really is, to put it simply, the best time to be alive.