My current view of the market is that the decline from the market high in 2021, is a result of rapidly rising interest rates. It is not likely that the market correction is over yet. There is likely a second wave of selling that awaits us in 2023. The 2023 wave will involve a drop on earnings per share, corporate layoffs and bankruptcies. Remember the saying, “A recession is when your neighbor is laid-off and a depression is when you are laid-off.” That is coming next year. Some of us will be choosing between electricity, heat or food. This hardship is caused by government policies that are crushing the economy while at the same time causing energy policy induced inflation. It does matter for whom you vote. That is not to say I am a fan of either party. They are both controlled by lobbyists of various corporations and a deep state group no one elected. Continue reading →

Times are interesting to say the least.

Issues that are causing stress in equities, commodities and bonds include:

• Supply constraints in energy and other commodities.
• War in Eastern EU and potential conflict in South China Sea area.
• Sovereign Banks struggling in multiple countries.
• Rising interest rates that are crushing the economy but not solving the inflation problem.
• The first leg down in Equities is due to rising interest rates. A second 20% to 30% drop could be in front of us from a corporate earnings collapse in 2023.

In the above environment, we believe in investments with a theme around Oil & Gas, Precious Metals and Bitcoin is warranted. Continue reading →

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• Sassy is a “Leveraged to the Mining Industry” Company priced at $0.16 per share on October 19, 2022

Hi everyone. I want to share that I added to an existing position in Sassy Gold (SSYRF)* I paid $0.135 for the shares with an order priced at the ask of $0.141. Link to a chart.

This has to be considered speculative by any measure, but I am not afraid of Sassy going out of business.
This is a legit statement: They are worth more dead than alive.

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An investing adage as old as time, is follow successful people. Typically, these people are either speculators or building companies or both. Therefore, their goal while the same as ours, to make money, follows a much longer timeline than most “investors.” Their commitment to the project is typically greater than “investors.” So is their tolerance for risk. As investors/speculators we can look at their history and see who they are and what they have been involved in.

Follow a brief comment on New Found Gold, we’ll look at three of the people who are founders an involved with New Found Gold since its beginning.

LOTM: It seems a good time to be acquiring shares of New Found Gold. The share price is attractive on a market cap and technical analysis basis. They have discovered a series of high grade core samples over an extended length of kilometers and at a higher than average width. When reading the New Found Gold, News Flow linked here, keep in mind that 2 feet to 3 feet “width” is considered better than average, and 6 to 8 Grams (g) or AU (gold) is consider a successful mining prospect for an underground mine. Two to three grams is considered an excellent prospect for an Continue reading →

Performance from August 1, 2020, to present:

• Unrealized Gains: $8,356.11 on $34,040.67 – Gain of 24.55%
• Realized Gains: $23,226.36 on $31,982.04 – Gain of 72.62%
• Risk management tactic: Equal money in each position with 100% of that investment at risk. 20 different positions held at this time.

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Chart #1

Chart #2 Continue reading →