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  • NovaGold: A Strong Gold Junior Miner Speculative Play For 2012 [View article]
    Thanks for the heads up on DGC Barry,

    It's an interesting company and is closer to production than NG. Their P&P reserves are currently valued at $181/oz so higher than NG, but reasonable as they are closer to production. It has a little more of a concentration risk as their operations are focused around a single mine. Personally, I prefer to have Barrick as a partner compared to John Paulson whose record as of late has been spotty at best.
    Cheers!
    Jan 18 11:18 AM | Likes Like |Link to Comment
  • NovaGold: A Strong Gold Junior Miner Speculative Play For 2012 [View article]
    GO,
    Yes costs of recovering the gold are in the billions of dollars, but 20M of Proven and Probable reserves are worth $30 billion at today's prices. The company has a market cap of $2 billion today, so there is a potential large upside - although it is a SPECULATIVE play. Don't suppose you'd like to share why you believe it to be absurdly overvalued would you?
    Jan 17 09:36 PM | Likes Like |Link to Comment
  • 2012 Europe Outlook: How The Fiasco Will Unfold, Part 2 [View article]
    Hi James,

    I'm not an economist, but if, "the whole of the Euro Zone will undergo a massive inflation", will this not result in the Euro losing a substantial amount of its value compared to other currencies (assuming of course that they are not also experiencing massive inflation in their respective countries)?
    Cheers,
    Haakon
    Jan 16 12:00 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Lol. That's the right question, but i doubt Jamie will be discussing that on the conference call...more likely to hear how any regulation is "anti-american".
    Jan 13 09:10 AM | 3 Likes Like |Link to Comment
  • Don't Leave Your Hard-Earned Retirement Money Languishing In A Savings Account [View article]
    Thanks for your comment JW. I suspect that there are a lot more people like you out there (some may even be reading these articles) who for various reasons are fully in cash. I'm concerned that at some point, you could even argue its happening already, the Fed/Govt are going to try and inflate their way out of their debt problems. When this occurs there will be a massive transfer of wealth from the people (at least from the savers) to the government.

    I wouldn't be at all surprised to see a pullback in the markets either so waiting for a better entry points makes sense as long as you don't have to wait too long. Good luck!

    Haakon
    Jan 6 06:42 PM | Likes Like |Link to Comment
  • North American Banks Rankings: January 2012 [View article]
    Great article Denis,
    You forgot to mention another difference; the canadian banks all pay dividends and always have. When the american banks start (are allowed) to pay dividends again some of these gaps should start to close, but until then being long US banks will lead to a few sleepless nights.
    Haakon
    Jan 6 11:17 AM | 1 Like Like |Link to Comment
  • Don't Leave Your Hard-Earned Retirement Money Languishing In A Savings Account [View article]
    Thanks! As part of a diversified strategy I would also be holding cash.

    To quote you, "Sitting in cash and gold is certainly one way to go, but probably not the most profitable."

    I concur and this especially true over long time horizons. The strategy is to make a reasonable return while minimizing risk.
    Jan 6 09:25 AM | Likes Like |Link to Comment
  • Don't Leave Your Hard-Earned Retirement Money Languishing In A Savings Account [View article]
    Thanks for the advice JF. Read the article again, it is not suggesting a buy and hold strategy. It is suggesting that you control the few things that you can and many of these points also apply to purchasing precious metals. Having a cash buffer is great, but if you leave everything in cash for 10+ years your principle will get eaten away by inflation. Technically bonds have been in a bull market for the past 30 years vs 10 for gold and in 1999 technology had been in a bull market for years - the point is predicting when these markets are about to change is difficult, having everything in gold is a risky strategy!
    Jan 6 09:13 AM | 3 Likes Like |Link to Comment
  • Don't Leave Your Hard-Earned Retirement Money Languishing In A Savings Account [View article]
    Hi Gratian,
    I agree that you should always have a few months of spare cash (more if possible) on hand and that also counts towards diversification. My reason for writing the article was to highlight the fact that if you leave ALL of your savings in a bank even if you do not lose any of the principal, your purchasing power will decline over time.

    There is a surprisingly large portion of the population who earns next to nothing on their savings - this article was primarily directed towards them. Even moving your money into a credit union won't keep up with inflation over time, although you are likely to get a better return than with the large banks.

    Cheers,
    HP
    Jan 6 09:01 AM | Likes Like |Link to Comment
  • Gold Miners Finally Ready To Follow Gold Upwards [View article]
    Thanks Enneagram! I haven't done the analysis yet, I'm waiting for some of the volatility to ease in the market and to see where gold settles at. I'm still bullish mid-term, but don't want to try and catch any falling knifes so I'll wait until a floor on the price has been established. I will post an article after i've done the analysis, but I amlooking for exploration companies where major producers have already invested in, such as NovaGold and Evolving Gold.
    Best,
    HP
    Dec 19 06:44 PM | Likes Like |Link to Comment
  • Gold Miners Finally Ready To Follow Gold Upwards [View article]
    Hey Challenger,
    Fair points. Over the last several years operating costs have risen, but the price of gold has risen faster which has lead to increasing profit margins. The other concern which i didn't really touch on in this article is nationalization of resources, but that is why i prefer the global players, such as NEM and ABX, with operations globally and quite a large portion of their production in stable democracies.
    Cheers,
    HP
    Dec 8 01:49 PM | Likes Like |Link to Comment
  • Sound Canadian Banks Offer Opportunity [View article]
    Great article and summary of the Canadian banking system Bob!

    Canadian banks are almost utilities in nature: low beta, growing dividends, conservatively run, fairly tight regulation and a captured deposit base. However that being said, they will also collapse in price if the global turmoil continues, e.g. eurocrises, looming US deficit crises, mideast turmoil etc. On the other hand their price should also bounce back more quickly than a lot of their peers. I am looking to get back into Canadian banks following another sell-off.
    Cheers,
    HP
    Dec 8 01:45 PM | 2 Likes Like |Link to Comment
  • Gold Miners Finally Ready To Follow Gold Upwards [View article]
    Thanks Grasshoppa!
    Lots of people share your view on the Equinox purchase, I certainly would have preferred to see more money go back to shareholders. ABX did get beat up in the mkts over that purchase and today trades at a lower PE and a similar ROIC to NEM. I prefer to split my investment between the companies and i'm also looking for a third, although smaller, investment in one of the juniors.

    HP
    Dec 5 09:34 PM | Likes Like |Link to Comment
  • Gold Miners Finally Ready To Follow Gold Upwards [View article]
    Cheers Hammer,
    Yes, they are both equally attractive to me. I am looking for a slight pull back with NEM before I pull the trigger. Long term they both look good, especially now that they are starting to increase their dividends.
    Dec 5 09:12 PM | Likes Like |Link to Comment
  • Groupon Is Already 25% Below Its IPO Price, And May Go Lower [View article]
    It will be interesting to see what happens after the lock up period ends (6 months after the IPO) and all the insiders are allowed to sell their stocks.
    Dec 2 02:18 PM | 1 Like Like |Link to Comment
COMMENTS STATS
58 Comments
64 Likes