Copper Update

When I first got into precious metals in the summer of 2015, I took a lot of flak from a lot of people. For the longest time, I was this person who was pounding the table, spewing the virtues of investing for cash flow/passive income, and then all of a sudden, I took this massive detour and decided to do something altogether unrelated…

After locking down my last rental property in early 2015, soon after, I decided enough was enough…

Real estate, stocks, bonds, all that good stuff was no longer cheap, but in my eyes encroaching on and selling at nosebleed territories.

So, even though I had completed two separate cash out refis to pull out ~$200,000 in fresh funds, I was perplexed as to what to do with all that capital.

Nothing looked cheap…

I guess I’ll just hold cash?

Yeah, that thought [click to continue…]

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Not many moves to report this week! I hope that’s a good thing, and I’m doing my best to cut down on the number of transactions I make; those extra [click to continue…]

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I’ve made quite a number of changes to the mining portfolio in recent weeks… Sorry for the delay in posting an update, but I was busy trying to fine-tune it a bit…

Anyway, it’s still a work in progress but here’s what we’ve got since [click to continue…]

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Prior to the start of the year, I participated in the 2017 CEO.CA Stock Picking Contest. Here’s an update on my performance [click to continue…]

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Ivanhoe Mines (IVN.TO/IVPAF) hit a new 52 week high today, briefly touching C$5.15/share, before closing the [click to continue…]

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It might be a little on the late side to be issuing “My Top Picks for 2017”, but better late than never, right? So, here we go…

Before we got the party started on [click to continue…]

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The very first thing I learned as an investor is to “buy low and sell high“. For anyone reading this, the previous statement may seem most trivial, but I assure you that it’s absolutely not!

In fact, over the years, another observation I’ve made (without a shadow of a doubt) is [click to continue…]

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swa_axu_org

To me, the selloff in precious metals mining stocks is starting to feel like late 2015 again. As I’ve often stated with these updates, I don’t think it’s possible for ANYONE to accurately predict where asset prices are headed next, so I just try and keep things [click to continue…]

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zijin-mining-buys-10-of-canadas-ivanhoe-mines

Wonderful news this morning, as Ivanhoe Mines (IVPAF/IVN.TO) and Zijin Mining announced that they have completed their agreement in which Zijin Mining  [click to continue…]

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zijin-mining-buys-10-of-canadas-ivanhoe-mines

Ivanhoe Mines (IVPAF/IVN.TO) is one of my largest individual holdings, and the vehicle I’m using to speculate on the eventual rise in copper prices. Some exciting news occurred earlier this year when the company reached an agreement with Chinese mining powerhouse Zijin Mining to sell 49.5% of its Kamoa project for $412 million.

However, this past July, the Congolese government stepped in and put a temporary halt to the deal, wanting more time to negotiate perhaps an [click to continue…]

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