John Wooden — the late, great UCLA basketball coach — once said, “Things turn out best for the people who make the best of the way things turn out.” With coach Wooden’s advice in mind, let’s think positive. … [Read More]
How many times have I started a weekly note by stating that “I’m in fill-in-the-blank”? That is, I might be in Houston, Denver, New York, Toronto, London or someplace else for some conference or another. Well, this week I’m in Pittsburgh — my hometown. The American Association of Petroleum Geologists (AAPG) was nice enough to [...]
Yes, dear reader, the U.S. holds a new strategic energy weapon. The U.S. shale gale, or fracking revolution, has begun liberating not only “trapped” hydrocarbons like oil and gas, but also a liberation of U.S. foreign policy. All of a sudden, the U.S. isn’t so beholden to events in faraway places filled with people we [...]
Yesterday gold dropped $17. …on a day when Ben Bernanke promised NOT to hit the brakes on his monthly campaign of easing. (Heck, the man won’t even pump the brakes, just to make sure they still work!) That means more bond buying and long-term low interest rates. It’s a savers nightmare, and underpins our precious [...]
Find the best bull markets in the world. Get in early. Buy the best assets. Ignore the volatility. And enjoy the ride. That was the basic formula Harris Kupperman, CEO of Mongolia Growth Group, presented at the Value Investing Congress in Las Vegas. MGG checks all these boxes. It has great assets, acquired early in a massive bull market. Mongolia Growth Group is a buy.
In the summer of 1920, Ralph Borsodi stumbled on a life-changing insight — and one that we can apply today. It all began when his wife canned tomatoes for winter use. Ralph, having “an incurable bent for economics,” wondered if it paid — or if they were better off just buying canned tomatoes from the [...]
Last week I was in London attending the Platts Crude Oil Conference. In particular, much of the trip is geared toward energy and mineral issues, about which I write in my paid-up newsletters. Then again, I’ve spent time discussing the future of … [Read More]
If you could safely turn $8 dollars into $40, would you? What about turning $800 into $4,000? Same question, right? If you answered yes to those questions, which I’m sure you did, then you’re already onboard with half of today’s energy story. … [Read More]
How can you make money by investing in the stock market? It helps to go where the money is flowing. Along those lines, two of the strongest sectors of the current U.S. economy barely existed a few years ago. In fact, one sector was left for dead … [Read More]
A strong stomach and a tremendous amount of patience are required for gold stock investors these days, as miners have been exhibiting their typical volatility pattern. That’s why I often say to anticipate before you participate, because gold … [Read More]