Échale ganas
Nothing defines humans better than their willingness to do irrational things in the pursuit of phenomenally unlikely payoffs. This is the principle behind lotteries, dating and religion. - Scott Adams
Trust yourself. You know more than you think you do. - Benjamin Spock
The finder pointing at the moon is not the moon. - Old Zen Saying
Completion of Insurance Examinations / California Institute of Arts & Technology were good lessons to sharpen the sword on core competency, durable competitive advantages and focus > Goals. No interest in insurance sales as the upcoming challenges overwhelm solutions. Most all tech companies here in North County San Diego are of little interest. Staying the course & focused on writing…
Habit #2 > Begin With The End in Mind.
Recent Twilight Zone Gas Station Attendant job seems to be a keeper with solid Family Management. Offers for consultation come in with financial sales but most are FINRA connected and, after our questions on T261 the events of 2015 [failure to sign essential documents] the move to decentralization & serving real producers of capital continue.
Chevron has been a most constructive activity to note varying aspects of public sentiment here in The People’s Republic of California.
Examples this Week:
- Young Bullet [Steve McQueen] Kevin from Guatemala driving a Mustang is a PRODUCER > Humbler & seeking knowledge - Giving the gift of a Topo - Chico warmed my heart.
- Daily questions for all types on California Lottery - “Sorry we only buy gold & resource stocks with intrinsic value.”
- Talking Fast ScatterBrain Trading Guy > Selling his new trading strategy of picking up digital coins in front of a steamroller. Note The Elevator Pitch as the promoter could only front $20 Federal Reserve Notes in unleaded for his General Motors Sport Utility Vehicle…
Imagine > The mentality of surfing beach break when a Tsunami is coming.
The average holding period for an equity some 50 years ago was 14 years. Today it is roughly 3 months. Momentum trading based upon perception has accelerated.
“Nowadays people know the price of everything and the value of nothing.”
- Oscar Wilde
Capital allocation experts such as Rick Rule, James Grant to Chris Macintosh note the importance of owning assets vs liabilities during currency revaluations.
Supremely grateful for the initial sober run from 2016 was paramount to rebuild mind and body after a depressed state. Could blame it all on a Paradigm Shift from 9.one1 in NYC Tower 2 but the truth was I lost my spiritual awareness and respect for ensuring total clarity. Victim vs Contrarian. Done - Every day is a chance to build & excel. We see small people like us preparing > Charlie in the Jungle [Apocalypse Now] as the central planners rein in essential freedoms. Much heritage is lost amongst the screen watchers seeking safety. Life on the bike / ocean and trail run is essential 2 ensure balance.
New Position alert:
Understanding Few 2 NONE read this blog we’re note worried about Front Runners:
Significant position in Orogen taken [Renaissance gold in March 2020] & contributions along with Altius Minerals in 2021.
Elemental Altus has become a larger holding in the past 12 months. Gratitude.
With an already large position [accumulating] in GoldMining Inc. A unique opportunity has presented itself to own what we see as the future premier gold royalty company > Hence Gold Royalty GROY.
Current valuation since this chart is now way more in line with 3 tier one royalties to help potentially carry this company to new levels than past operators. Capital Flows are some 2-3 deviations away from gold shares at this time where the Margin of Safety of this company has become a compelling valuation.
Investing is all about probability. We see aligning with a premier management team lead by David Garofalo as a unique opportunity in generation changing wealth. This is not a company we plan on selling anytime soon. While we agree with a local friend in Uruguay - Doug Casey - of the fact most miners are not family heirlooms the business strategy for Gold Royalty is nothing less than incredible. Sleeping at night having the tenacity of the former CFO of AEM and head of Goldcorp to ensure a merger during a time where major gold companies were seen as destroyers of wealth is significant.
Personal experiences as a broker at Morgan Stanley viewing Goldcorp going back to the Rob McEwan days provided some perspectives. In 2002 our Global NYC wire-house has a ‘sell’ on GG and a ‘Buy’ on Barrick [Record forward selling / hedging]… Morgan’s Global Macro Research was bullish on gold. How are you bullish on the worlds largest hedger while bearish on a new emerging producer with a Tier 1 asset actually storing gold as an asset below $300!? So called research from NYC can be stranger than fiction.
Coming back from the gutter with assets in South America and on hand has all been a gift - Learning real terms from real workers. Échale ganas! [Doing my Best - Slang].
Turns out Scatter Brain Trader guy used to be in The US Coast Guard. A comment was made regarding their motto: Semper Paratus > ‘Always Prepared.’
Leaving the Casino with Federal Reserve Notes or any major FIAT currency out of the trading world of Crypto could be a challenge soon...
The accumulation of a real asset paying dividend is more to our interest right now.
Long GROY - if you question the current chart note the breakout of RGLD back in 2001. We see the development & process / management of GROY to be superior. Back in 2002 I was able to hedge client accounts with Swiss or Norwegian Fixed income… Conditions today have entered a new realm when reviewing balance sheets of Western Financial Nations massively in debt with accelerating obligations.
Bravo Zulu 2 Central American Kevin for the gift. Research an old favorite from Dr. Marc Faber. I’d met Marc at the 2004 San Francisco Hard Assets conference. Principled people are essential. Quality of life at a simple position to surf and rebuild the body is essential. Out of California in a year with significant more options. Our project in Manantiales, Uruguay is calling in 2024. Stay tuned…
- CAS
P.S. Girlfriend / future wife still looking at homes in Plymouth, New Hampshire. An art gallery may be still allowed near Lake Mojave to wing foil with central positions to some mining investments [Nevada]. Trip plans to Punta del Este January 2024.
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