“God’s Gold” at less than $9 a share teased by Jim Rickards

By Travis Johnson, Stock Gumshoe, January 3, 2017

This is the intro from the ad we’re considering today:

“Jim Rickards: Halfway to heaven, in a location with life-threatening temperatures, a little-known company is about to unleash…

‘God’s Gold’

“15 TIMES the concentration of the average global gold mine, this deposit contains arguably the highest-grade gold on the planet.

“And one company trading for less than $9 per share is
poised to begin unleashing $638,100,000 worth of ‘God’s Gold.'”

Who wouldn’t want to know what that is, right? The ad tells us that this is super high-grade gold (15.7 grams/tonne) and a large deposit (approximately 6.9 million ounces of proven and probable reserves), which will certainly help us to pinpoint the stock.

The ad is a pitch for Rickards’ Gold Speculator ($3,000 a year), which is headed by Jim Rickards and designed to profit from his prediction that gold will go to $10,000 an ounce… though it appears that the gold stocks are picked and the analysis done by Byron King, who has been Agora Financial’s natural resources guy for many years and helmed their Outstanding Investments for a few years along the way.

And, as so often is the case, there’s a near-term date to give us a sense of urgency…

“The deposit contains arguably the richest bonanza-grade gold on the planet…

“And a company that’s trading for under $9 per share is poised to begin unleashing $638.1 million worth of it.

“When that wave of cash floods into this tiny company’s books…

“I expect share prices to shoot through the roof.

“For reasons you’ll soon discover, I believe this could happen on or before March 20, 2017.”

The dates in these ads are, of course, usually either made up or given hugely exaggerated importance — with good reason, because advertisements that don’t have a sense of urgency don’t convert the curious into subscribers. Any good copywriter knows that if you decide to “sleep on it” or mull it over, you’re more than likely not going to buy the newsletter — you need to be convinced that the opportunity is urgent and immediate… buy now!

So what is this? We get a little more inducement to act RIGHT NOW because it’s your last chance to get in before everyone else knows about it… word is leaking out! OMIGOSH! HURRY!

The specific pitch about that date is that “the company is going to open a critical piece of infrastructure as early as March 20, 2017.” So we’ll check on that as we go along, too.

From the ad:

“… you’ll need to act RIGHT NOW…

“Already, news of this heavenly-rich deposit is rocking the mining industry.

“Renown mining investor Tommy H. calls it:

‘…A spectacular high-grade resource.’

“Natural resource analyst Evin R. gushes:

‘One of the highest-grade and largest-sized gold deposits in the world…’

“Chen L. of the The Gold Report has this to say:

‘A world-class mine…’

“And one of North America’s leading mining magazines puts it bluntly:

‘…A jewel in [the company’s] crown.'”

See what they did there? Not just add urgency, but also add some authentication with quotes from “renown” and “leading” sources to give you some confidence that Jim Rickards is not just making this up.

Quotes from reliable-sounding sources and upcoming catalysts, check! Now all we need is the promise of ludicrous wealth!

Rickards does that with another familiar routine popular with newsletter ad copywriters: Talk about thousand-percent gains over and over again, even while putting in smaller type that, well, perhaps you won’t see gains like 5,379% or 1,380% or 3,757%… but maybe it will be “only” several hundred or thousand percent.

That 5,379% gain isn’t made up, it’s a reference to the price spike made by the stock of a silver company that was founded and run by the CEO of this same secret “God’s Gold” company. Here’s more from the ad:

“Could he really deliver another 5,379%?

“Well, it’s highly unlikely.

“While this ‘God’s Gold’ company is trading for just under $9 a share…

“The silver firm I mentioned before was sitting at 78 cents when it took off.

“But that’s not to say this $9-per-share company won’t return gains in the hundreds to thousands of percent.”

I know, I know, the suspense is killing you — me too! But we’re almost there… can we get just a little more intel about just what the heck they mean by this made-up “God’s Gold” term first?

“‘God’s Gold’ is typically found near volcanoes or in very high-altitude mountain ranges…

“And why it can be so cheap to extract from the ground.

“Just listen to what one CEO had to say:

‘The beauty about [‘God’s Gold’] mineralization is that for the most part the processing is a tried and proven technology of simply crushing and milling the ore. This is not a complex type of ore nor is it an expensive process.'”

OK, so, as you might have guessed, “God’s Gold” is, well, gold. It’s just that they’re referencing a particular kind of gold deposit that tends to be found in mountainous areas — that quote is from Ken Booth, who is CEO of a microcap gold explorer called Redstar Gold (RGC in Toronto, if you’re curious)… which is NOT the stock being pitched by Rickards, it’s just that Redstar’s potential gold deposits are, like the “secret” gold company being teased here, likely low sulfidation epithermal mineral deposits.

Woohoo! Sounds fun, right?

Well, to be fair, most of us are not mining geeks — but these kinds of deposits have inspired some lust among investors in the past. Several of the big mines hinted at in Rickards’ pitch, including Kupol in Russia and Cerro Negro and El Penon in South America, are characterized by low sulfidation epithermal mineralization, and those were all high-grade deposits that were bought out by big miners for multi-billion-dollar prices.

And, of course, our secret “God’s Gold” stock is also in some ways a similar kind of deposit — so what is it?

Well, I hate to talk about something that most of you have probably already heard of… but here we are again being teased about Pretium Resources (PVG).

Yes, Pretium is right around $9 a share (and, probably thanks in no small part to Rickards’ attention, it’s rising already this morning, up about 8% — though gold and the average gold miners are all up today as well).

Their main asset is the under-construction Brucejack mine in northwestern British Columbia, and it is indeed an unusually large and high-grade gold mine. It’s also going to be producing gold this year, and is fully financed through commercial production — so this is a big and established company that’s on the verge of actually producing revenue… as is reflected by their market cap, which is about $1.5 billion.

Pretium is not an explorer that’s about to shoot into the headlines with a big new discovery — it’s a discovery that has been well-known for many years… though, despite the fact that CEO Robert Quartermain is widely followed and respected (thanks to his work building Silver Standard, which he left — and then he raised a big pile of IPO cash to buy Brucejack from Silver Standard), you could perhaps argue that the unique nature of the deposit has meant that it didn’t get as high a valuation as it otherwise might have. The gold is found in narrow and extremely high-grade veins, and it took quite a while before skeptical analysts and observers were ready to accept the estimates about how much gold might be in the ground and the best way to produce that gold.

Now, though, the sentiment seems to have swung pretty well over to Pretium’s side — the stock is not overvalued if things work as expected with early production and the confidence in the reserves increases, but neither is it all that cheap based on the proven and probable reserves… so to some degree buying in here represents at least a small leap of faith that the initial mining will produce as planned in these early years, and that the reserves will continue to expand to extend the mine life.

I’m no expert on this particular project, though I know many of our readers have been discussing it with great enthusiasm over the past year or two — including hendrixnuzzles, who has followed it all year in the mining discussion threads he has shepherded (you can browse those threads if you like, but some recent comments on Pretium start around here). The company did upgrade their reserves in mid-December, as is detailed in the updated version of their investor presentation here — the changes were not huge, and the grade was reduced a little, but proven reserves were boosted enough to give some additional confidence about the first few years of production.

And yes, there are quite a few analysts who are pretty excited about Brucejack and Pretium now — a summary piece by the Gold Report quotes many of those same folks cited in the Rickards ad.

The economics laid out for Brucejack by Pretium itself indicate that it’s probably priced about right — they calculate that the after-tax net present value of the mine, at $1,100 gold and $14 silver (which is pretty close to where we are now), is about $1.55 billion. So it’s pretty easy to imagine the stock doubling if the early commercial production is successful and without any big hiccups, or if gold prices soar much higher in the near term, but the notion of thousand-percent returns seems pretty wildly speculative at this point. There is potential for a strong long-term producer to emerge from this as well, and a pretty stable one even if gold prices are jittery, since the reserves could expand beyond the current projected mine life of 18 years, and since the per-ounce “all in” costs are expected to be low (near $500 an ounce, half of what many mines incur to produce an ounce of gold).

There’s plenty of operational risk, since we don’t know if they’ll hit a problem in the commissioning of the mine (it’s been pretty smooth so far), or if the initial wave of mining will produce gold at the level expected, and there’s always a heightened risk when you’re talking about a single mine and reliance on a single commodity, but it’s a pretty well-advanced construction project and the skeptics have so far been wrong about Pretium.

Oh, and that “March 20, 2017” date? That could be a few things, though I don’t know that any of them will have a marked impact on the stock price (unless there’s a surprising failure, that is). The transmission line is probably the biggest thing that will be completed in the next couple months, though the construction of the mill should also be wrapping up around then as well, as will the underground infrastructure (crusher, transfer tower, etc.)… and the underground development is continuing, with most of the ramps and shafts well underway or complete — so you can take your pick, but there doesn’t seem to be any one big piece of the infrastructure that’s not expected to be complete on time, and the company has been clear about indicating that they expect the mill to be commissioned in mid-2017 and the “first pour” of gold produced from the mine could come before the end of the year, so it’s probably wisest to assume that investors are expecting things to proceed apace.

What usually has a big impact on stock prices are surprises — so if they finish early, or early production is better than expected, that’s a good surprise… if they hit delays, or something breaks, or initial production is lousy or the mill needs re-engineering of some kind, that’s a bad surprise. Beyond that, it’s investor sentiment about gold stocks and the price of gold (both of which, as we’ve seen over the last twelve months, can move dramatically and quickly), so you can throw all that into your mental model and, voila! You can decide how much the stock should be worth.

I don’t own this one personally and have mostly shied away from investing in individual mining projects, though Franco-Nevada (FNV), the royalty company I’ve been buying most recently, does have a royalty on Brucejack.

Sound like the kind of “God’s Gold” you’d like to own? Let us know with a comment below.


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104 Comments on "“God’s Gold” at less than $9 a share teased by Jim Rickards"

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David Lopes
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David Lopes

Personally I am so tired of seeing promos by Rickards. I started out really listening to him and following his advice about 2 years ago but he rarely produces the wins he’s always promoting. Sure he has hd a couple positive earning picks, but so has everyone else in the last 2 years. Overall he is a lot of hot air. I bought PVG on Steve Sjuggeraud’s advice (Stansberry Research guy, and a good one) back in Aug 2015 so I’m up about 15% since then.

Fred
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Fred

Couldn’t agree more!……..seems like he’s peddling a new service every quarter, instead of servicing the clients/reader he already has roped in……he’s getting tiresome.

dealerdeb1
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dealerdeb1

I’m tired of 99% of them. I prefer Travis lol. That being said I have found that the newsletters are usually about stocks that are already on the rada screen or best yet the “be a Millionair” teases generally mean Walmart over 30 years or 32000000000000some other Blue Chipo that we don’t eed to spend $99 or in one case I jujst saw their fee was $4999 AND? a bargain at that just ask them.

amarilloman1952
Member
7
amarilloman1952

Anything coming from Agora Financial just automatically raises the hair on my neck. I have never been a fan of Agora, to put it nicely. It’s always worth adding to my list and see if it does indeed take off.

MarcoPolo
Guest
0
MarcoPolo
There used to be a “Free” website, “David Stockman’s Contracorner” where Stockman provided a point of view on the Fed, Wall St. etc. Very insightful. Never promoted any equity, PM, Fund, etc. Just financial facts and stats. More than just a Williams Shadow Stats, which I think is a nice piece of work. Then he got swept up in the Agora vacuum cleaner, and access to the site is paid and you get a newsletter and stock picks. One of the best financial info sites on the net gone…. Aside from Regan’s Budget Director, Congressman, he’s one of the founding… Read more »
Leo Quatorze
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Leo Quatorze

Marco – May I ask: what PM in your post abbreviates; where it is that you read Casey now? Thanks.

Leo Quatorze
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Leo Quatorze

Sorry… finally recognized Precious Metals… but Casey query stands.

MarcAnthony
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MarcAnthony
Well glad you sussed out the PM’s:-) Casey has several newsletters they hawk. So, I took a 30 day trial at no cost, then cancelled before day 30. Ever since, I get these “inside looks,” current newsletters about every 3 months with some offer to subscribe, video interview snippets- he’s done video’s with Rickards, Mike Maloney, Dent, etc. Basically they keep trying to give me baited hooks which I pass on, but it doesn’t stop. As I’ve noted elsewhere, my “hobby” is mining; Pm’s, copper mostly, but some rare earths, and uranium (I think it’s going to make a big… Read more »
James Lawrence
Guest
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James Lawrence

I had the same experience…endless pitches from Agora newsletter gurus. Canceled Casey, was tired of the political taint…and kept getting issues now and then, like you. One of them recommended NAK. I bought at .80. It went from there to 3.52, currently sagging/sideways waiting for more news about EPA veto of permitting app being removed by Trump appointee Pruitt, and new partner to develop the huge in-ground deposit.
So, in the end, thanks Doug Casey! It was worth the aggravation.

briankim10
Member
2
briankim10

do you have any inside scoop on EPA and potential partner?

Misto
Guest
0
Misto

What gold and uranium stocks do you love. Besidecs agor on gold, Oxford is hot on uranium

kaseymoe
Irregular
8
kaseymoe
My major holding is Mexus Gold – MXSG OTCQB. Sonora state Mexico Santa Elena project near the city of Caborca about 3 hour south of Phoenix. Mexus had first test pour recently. Shoestring, low cost operation with a Mexican JV partner at 50/50 split – rare – after initial construction. Low debt – largely small shareholder financed thru the PP route. Financials will look lousy for another 2 quarters so call it putting a dime on a dollar but with many of the variables already accounted for. Not for everybody and not for widows and orphans although in truth several… Read more »
TraderSalad
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TraderSalad

Redstar discussion led me to PVG which meets most of my position criteria. The more potential for growth from a mezzanine operator the more attractive they are to me.

AlbertaDoc
Guest
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AlbertaDoc
Pretium Resources Inc. appears to be one of the go to projects that is being touted by many gold mining analyst. Because the sector was in a slump for so long, exploration and new development slowed down to the point that there are not many high quality projects to invest in. PVG is a high grade project that should do well in a higher priced AU environment. This is the kind of project that many analyst are pushing as the rebound in gold mining happens. They see it as a less risk investment that should start to generate income in… Read more »
SageNot
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SageNot

Has anybody really struck “Gold” from Rickard’s predictions? He seems t/b the new Dr. Doom, & the old Dr. Doom died. 🙂

gamos4
Irregular
-2

Does anyone have any experience with Resource Stock Digest – “Gold-X”(https://www.angelnexus.com/o/op/117080), which pushes gold and other commodity companies?

David
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David

I like Mawson resources MUX or MWSNF otc USA
It is in the same league as PVG but it still only 29 cents in USD.
I own some and am waiting till they can file their resource estimate which should be almost as much or even more than PVG. The strike is in Fnland and is huge and good quality.

david
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david

That should be MAW on toronto exchange although MUX is good too.Sorry for the mistake

John Whitten
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John Whitten

I own enough gold mining stocks. So I sold some Feb $8 puts on PVG @.55 not long ago. If I’m forced to buy, it won’t hurt me to own a little more. I do think some Canadian Miners are a good buy as long as Canada doesn’t Nationalize them to make up for all the Canadian Central Bank gold bullion sold over the last 30 years. They are, afterall, a socialist government. There are a number of good quality cheap Canadian mining cos. If the price of gold increases, it might be better than owning the bullion.

jjamms6
Irregular
50
jjamms6

I think you have an inaccurate impression of Canadian politics, if you believe there is risk of nationalization of Canadian mining companies.

whisperz
Member
1
whisperz

Can you tell us why it’s inaccurate? Why is there no risk of nationalization? Why are you so confident of that?

malandro
Irregular
5
malandro

For one thing, Canada does not have Drumpf duplicate for Prime Minister; and for another, there is no precedent of the Canadian government nationalizing gold mines!

Lulu
Guest
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Lulu

No, we have a drama teacher with a silver spoon and papa’s money, who is very learned on the benefit of establishing a Foundation similar to the Clinton Foundation, except it will bare his name. Our dear Pm is working on it…..NOW
And someone wants to donate to erect a statue of his father? Please? What sort of back yard deal is going on there?

swhite313
Guest
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swhite313

Yes they do, he just gave away 8 million dollars to fund some Jihadist group.

Dr Snowball
Irregular
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Dr Snowball
John, For the most part the readership here is more sophisticated than that at other sites, but a few people like you still like to talk out of their ass. You obviously don’t know what a socialist government is, and as a Canadian, I can tell you there is much less risk of corporate nationalization occurring here than in the States under Trump. De-nationalization has been the theme here for the last 50 years. With regards to gold, if gold goes up, that tide will lift all ships (all mining companies) – it’s just the way it works. The good… Read more »
Marco Polo
Irregular
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Marco Polo
Share your point of view. While American, I do a lot of business in Canada and while there’s a wee bit of bubble in housing esp Vancouver, as a natural resource country, type of government not withstanding, does appear to the untrained eye as relatively sane piece of Terra Firma. Point of fact I store a fair bit of my gold holdings in Canadian vaults-and none in the uS. For most of us deplorables, Canada seems at times to be thought of as a norther suburb of the uS, and we do drag you around to the skirmishes as we… Read more »
liberallez
Irregular
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liberallez

Pomposity is not evidence of sophistication!

MarcoPolo
Guest
0
MarcoPolo
Well, I’ve owned PVG long before Rickard’s Byron “discovered” it, and closer to $4/share. Still hold it. A bit overlooked in the diatribe is their largest investor…a Chinese Mining company. They bought a ton of shares and warrants when PVG needed the cash to continue “God’s work.” They gave them real cash for a heck of lot of a real stake in the mine. Say what you will, but these buyers didn’t fall off the back of turnip truck or rickshaw. It’s been as high as $15 in the mania phase a few years back, but I’ve never sold. They… Read more »
Myron Martin
Author
322
As Travis has repeatedly pointed out, it pays to be somewhat skeptical of newsletter writers claims because they are often exaggerated, but on the other end of that spectrum is excessive cynicism where people fail to do due diligence to sort fact from fiction. We need someone like Travis to counter the hyperbole that is typical of many publishers seeking to sell subscriptions to gullible and often novice or naive investors, but that does not mean their services are without value. Without them I might have never found some stocks that made me good returns, but I consider it MY… Read more »
Emily Ellsworth
Guest
0

Are you the boss of the new Smith Center in Las Vegas? I read about it on the Vegas Seven website and now I want to go there. I live about 4 hours away in So Cal, but am excited to see Las Vegas expand access to quality entertainment for residents and others. If this is you, thank you!

jameshmwebb
Irregular
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jameshmwebb

Thanks, Myron, for that long wise useful comment.

Greg Olson
Guest
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Greg Olson

This is to Myron Martin……Where will your columns be found? I would like the information that you have. What are the mining stocks you own? It is hard to find good information. Thanks.

Lulu
Guest
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Lulu

Hi Myron, I’ve been hoping 2017 is ringing in health and vitality for you……waiting for your column as well. smiles

parkd1
Irregular
0
parkd1

Thank you for your insight, I consider it a gift to receive information shared from an experienced source as an invaluable learning opportunity; a gift well-given with integrity is most appreciated. May you results serve you well. Tks.

Scott Adams
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Scott Adams

Hi Myron, how do we get copies of your columns? Thanks

Scott Adams
Guest
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Scott Adams

I am a fairly new investor. I would love to know what information you gather and how you do it for you “Due Diligence”?

Scott Adams
Guest
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Scott Adams

By the way, I guess I can say this here, I am so grateful to find stock gumshoe.com, I feel like this is moving me forward a giant step in “wising me up” about stocks. Thanks.

SoGiAm
Irregular
8020

Myron’s columns are available here: http://www.stockgumshoe.com/author/takeprofits/
Best2You&All

Robin
Guest
0
Robin

Hi Myron,
I, too, would be very interested in reading your articles. Where can we find them please? I really enjoyed reading the above as I am a novice investor. I live in New Zealand which is a little distance from Canada and the U.S. !
Robin

lam master
Guest
0
Thank you Travis for the insight! I follow Rickards “cheaper” letter and I bought PVG about 9 months ago and doubled my investment which was not all that much, sold half of it then and bought it right back and it seems to be still doing fairly well with a few hiccups along the way! I think I will stay in it and possibly buy more.. the one thing that bothers me is I wish Rickards would let his already subscribers know this stuff, I felt like I was being left out because I can’t afford the 3 grand!
MarcoPolo
Guest
0
MarcoPolo
I did PVG without Rickards. My own view is one can get pretty good at studying a sector or two or three, but not all, many, or a lot. Just always wanted to be a mining engineer (that didn’t happen) but mining, and not just gold, became a “hobby” of study. That’s how I came across PVG, and a couple of others. So, in a sector, I’ve done ok. When I get out of my comfort zone, or listen to anyone, especially investor news letters, I’ve taken it in the shorts. My point of view is pick some sectors that… Read more »
wmikemarshall
Irregular
65
Well, if it makes you feel any better, I paid more than $3K for Rickards Gold Speculator at first, then went full “life time member” on all 5 of his services and daily newsletters. Unfortunately I invested in gold right at height of gold prices mid 2016 so have taken a 35% negative beating to date on the Gold Speculator list of Jr gold mining stocks. Not blaming Rickards, just bad timing for me. I find him to be extraordinarily intelligent and insightful on “the big macro picture” and feel that his insight via his work experience, education, and incredible… Read more »
MarcoPolo
Guest
0
MarcoPolo
Very well said. I’ve read all of Rickards before he became Dr. Gold/Talking Head. Check out the Great Deformation by Stockman, and round out your reading with the Creature from Jekyll Island. I might part with the amount of lucre you gave Agora for Rickards lifetime, only if the Almighty came down and gave me a few tips. PM’s are the most manipulated markets on the planet (used to be bellies on the MERC, but they don’t trade any longer). Aside from strapping yourself in, if you’re in PM’s get a neck brace too. As you note, just stay on… Read more »
Jeff
Guest
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Jeff

What are some of the gold mining penny stock picks other than PVG?

Bill
Guest
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Bill

I like ascot resources at 2 a share. They are south of Bruce jack and if you look on map you go by the ascot mine on the way up to Bruce jack. It is called premier. I have held for 2 years and some of their drills are truly amazing. I think this will be the size of pvg at least but this is my opinion. Do your own dd.

retired9
Guest
0
retired9

I agree with Mr. Lopes. Everything I hear from Jim Rickards is doom and gloom but like Travis mentions in his write up for a mere $3,000 Mr. Rickards can “potentially” guide you to a virtual fortune with a heavy emphasis on the potentially. I have yet to find anyone other than Travis who gives the truth and the straight skinny on any of these can’t miss investments. Advice from folks like those of Jim Rockards ilk have only netted me losses of over $40,000 over the past 18 months.

eleanor
Irregular
6
eleanor

I had the same misfortune with Jim Cramer a few years back.

pbormann
Irregular
22
For Rickards/King to be using such a well known and publicised miner as PVG as a tease makes me wonder why anyone would pay $3k for their ‘research’. Pretty much the same list of miners as everyone else recos. I decided against Rickards gold letter as soon as I saw it was really being run by Byron King. He headed two past investment letters, not both defunct (what does that tell you?). I subscribed to both and lost many $k following his ill begot advise. I do own PVG already from last Oct. It is still about the same price,… Read more »
rocketman
Irregular
220
rocketman

I subscribe to Rickard’s entry level Strategic Intelligence ($50/year) and Byron King picks the mining stocks for that portfolio too. I haven’t been impressed by his picks, or more precisely the timing of his picks. But the Strategic Intelligence portfolio is more of a long term play and about 1/3 of his mining stocks are in the black.

I thought about subscribing to the Gold Speculator but with Byron King is picking the stocks I said no thanks. I can’t see how it would be worth the money with what I’ve seen so far from him.

MarcoPolo
Guest
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MarcoPolo

Brilliant move on your part. My hearty congrats on critical thinking overwhelming the shouting of the shills.

MCGILTON98846
Irregular
-8

As far as gold goes I think I will go with the po-mans streaming and royalty company (SAND)Sandstorm Gold $3.78 last I looked ,and let it turn into a Franco-Nevada.I like to hold for the the long run, in hopes of divedins and groth. Jim

Rusty Brown in Canada
Guest
0
Rusty Brown in Canada

“…you need to be convinced that the opportunity
is urgent and immediate… buy now!…”
That is so true. I get a chuckle out of the TV cookware infomercials that show a digital countdown clock on their adverts as if you only have 2:13 and counting left to call in your order. Like they can tell when you saw the ad on TV. Really!

mobilecc
Irregular
30
I’ve dabbled in the junior miners and followed them for several years, made some, lost some. My biggest mistake was buying into Pershing Gold (PGLC) too early. It has lots of good news: fully permitted, in Nevada’s best location bordering some of the biggies who could buy them out, mostly owned by millionaire/billionaire insiders (Dr Frost of TEVA fame recently sold out though), has virtually no debt, CEO used to run Franco-Nevada US ops, 3 open pits and new processing equipment bought out of previous owner bankruptcy, went from OTC to NASQAQ listing, expanded from 1K to 25K acres, lots… Read more »
MOM
Guest
0
MOM

Thank God for Travis’s fine work of uncovering these teases . Every one should enroll as an irregular , for less than $50 the information Travis provides is priceless!
That having been said ,my suggestion would be to take the $2,000 saved and BUY some CVR Chevron March 17, 2017 $125 Strike Call Options. With Oil rising these should do well.
Remember Mystery Options Man ( MOM ) knows best.

MOM
Guest
0
MOM

Correction Above Chevron is CVX and NOT CVR Sorry for the Typo!

denton
Irregular
141
denton

Here is a link to a write up on Bravada Gold. I have a nice position in this stock. I would be interested in any thoughts or feedback.You might also consider signing up for the free newsletter. He offers a premium service but I am not a subscriber.

http://www.goldinvestmentletter.com/bravada-gold-upside-potential-remains-significant/

MOM
Guest
0
MOM

Thanx for the Bravada Gold stock BRA.V Canadian and BGAVF OTC .

denton
Irregular
141
denton

You’re welcome…what is unclear at this time is whether gold resumes its upward climb or retests lows. The strength or weakness of the dollar has been a fairly good indicator on the direction of gold, but other factors certainly impact as well. I would recommend following Doug Eberhardt’s thoughts which are not released every day so I just check late each evening or early before markets open. He has always treated me fairly in my dealings with him and I find value in his thoughts and opinions along with the products he offers.

http://buygoldandsilversafely.com/category/current-thoughts/

geneh
Member
8
geneh

Well, you have indeed touched on the key issue. If gold continues back up, there are a slew of mining stocks that will go up also. If the current situation is a ‘bear trap’ the opposite is true. From past experience I know that the market makers love to put the squeeze on those who buy into the rally. This is especially true with the penny stocks.
I looked in my crystal ball, but it gave no answer to this question of bear trip or the real deal.

Marco Polo
Irregular
28
Marco Polo
Miners are generally a 3 to 1 leverage play on the price trend of gold….both ways;-) Looking at the COT report, there’s a lot of shorts still out there, which would imply a trap. That said, I’m in the positions I want to be in for the reasons I made the decisions I did. I think March will be the interesting month. Get past the Trump swearing in, and most of the way through the first 100 days, and see how the paid 535 non-representative representatives lean or stonewall. Fed will raise in March but that’s NBD given the wage… Read more »
garco22
Irregular
1
garco22

Interesting . . . your comment about the Fed knocking down the price of gold. I can’t tell you how many times I’ve seen that on the Kitco chart from 8:30-9:00 until 10:00-10:30 AM with an almost vertical drop in price with massive selling volume, then they trickle buy it back for the rest of the session and make money on the rebound.

Your quote above is the first time I’ve seen anyone else comment on the sudden drops.

v4t1n4
Irregular
33

BVA I Believe

credenhill
Irregular
18
credenhill

My father in law (GB) built the road to the Brucejack mine.
His company and all the other contractors are having a hard time collecting payment from Pretium for work done. Maybe this is standard for mining companies.

Marco Polo
Irregular
28
Marco Polo

It is! I see their financials when published and their accounts payable (liability) is usually “fat.” PVG, like most I’ve researched, squeeze the nickle so hard they rupture the buffalo. The key fact is once the road is built, your in-law’s firm lost leverage. Quartermain is one of the strongest hands at the table. However, they will get paid.

Tom Dyke
Guest
0

I subscribe to one of Jim R’s services and he is quite a huckster.

Thank you for the work you have done and for sharing freely.

Tom Dyke, Austin, Texas

B. Roby
Guest
0

Periodic Table of Elements #79 is Au. Derived from Latin. In English it’s Gold. There is no superior Gold. It’s always periodic element #79. It’s so stable it’s practically inert.

Mark Bowin
Guest
0
Mark Bowin

Teuton Resources TEUTF has sold several of its claims to PVG and remains one of the two biggest landholders in the Golden Triangle, home of PVG’s Brucejack and Seabridge Gold’s massive KSM find. When the area explodes, I believe this undervalued company may soar. They have several assays pending on their own properties and a low float. I’m a shareholder, full disclosure.

hendrixnuzzles
Irregular
5691

TEUTF…I have noticed the Teuton claims in maps for the area…but do they have any drill results or other data to look at ?

Ronzilla
Guest
0
Ronzilla
TEUTF Bid 0.1358 Ask 0.1585 High 0.1509 Low 0.1509 Volume 5,000 Time (ET) 9:51:16 AM % Wise — Too big a Spread–almost 20% and VOLUME 5,ooo ?? I could be the Entire Market foe less than $75 ..Might have a good “story” , but without Liquidity of 200,000 MINIMUM on a stock less than 0.25 …I’ll PASS! I’d rather pay 0.25 with 500,000 volume…that way ..I CAN BUY//SELL Without Worry— No Profit, if I Can’t BUY or get a buyer to SELL To! What if I want 15,000 shares?? —it wouldn’t happen! Plus a 52 week Low of 0.03 …a… Read more »
hendrixnuzzles
Irregular
5691

If you are interested in claims in the vicinity of PVG’s Brucejack mine, in my opinion the stocks to own are SA Seabridge Gold and CLASF Colorado Resources. I am aggressively long both, in addition to Pretium. Seabridge is, by some measures, the best value in gold “optionality” that I have seen; Colorado is a great play for very little money…tiny market cap, with huge upside leverage.

hot toddy
Member
2
hot toddy

Richards sales tactics are questionable. However, his book “New Case for Gold” is a very good read.

Marco Polo
Irregular
28
Marco Polo
Just a point of view, but Rickards never provided any recommendations until he took the blue pill and joined Agora. Just found out Celente – Mr. Trends Research has too taken the blue pill and joined Agora. I have the greatest respect for both gentlemen and respect their learned points of view on their area of expertise. However, stock picking for newsletters isn’t one of them. Celente will wind up with an assigned copywriter and analyst re-tread to align some equities, ETF’s or Options to Celente’s key trend themes. Agora is on a massive hire streak. Stockman, Rickards, Celente. All… Read more »
capesurvivor
Member
3
capesurvivor

Agora has become the Great Squid of newsletter conglomerates, depressing to me watching people like Ron Paul and the others you mentioned shill for the company, which also has a massive supplement division with the likes of Mercola. I put up with their relentless embedded ads for the morsels of truth that are occasionally presented , some of which don’t make MSM.

Marco Polo
Guest
0
Marco Polo

I can identify with your point of view. It’s a lot like picking fly sh!t out of pepper. When I want some fact facts, I have to go to search page 20+ to get past the MSM shills also.
Staying truly informed is damn near a full time job.

jwhallin
Irregular
51

PVG is for real, which is more than I can say for most of the hucksters pushing pricey memberships that pick our pockets to line their own. Surprised that Jim Rickards actually recommended this one – most of the “penny” gold/PM stocks he & Byron King select are under $2.00 and highly speculative (as are most all penny stocks). Long PVG & PVG Jan ’18 Calls, GDX, SLV, PAAS.

hendrixnuzzles
Irregular
5691

$PVG…Pretium Resources…long…regardless of what one thinks of Rickards or Casey, IMO Pretium is a first-class gold investment. I have done as much research as an amateur can do on it. Conviction pick for me. It is my only long-term hold production gold miner…the big caps are trading plays for me, PVG is a hold.

Steve
Guest
0
Steve

Condn’t agree more David and Fred. Jim Rickards is constantly coming out with new 3K plus newsletter service and I’ve barely broken following his advice after using his lower priced service for 2 years. Very insightful and knowledgeable person but has gone off the deep end with all the expensive services he’s constantly coming out with. Soon to just let my service lapse. Apparently have to spend 3-7.5K a year with him to make a buck and that’s a big maybe! Lost my faith in you Jim.

Marco Polo
Irregular
28
Marco Polo
Just a point of view: He’s not recommending anything. Byron and Agora analysts are. He’s still a brilliant man, well connected, experienced, and has an interesting point of view. I find his interviews on RT and even MSM sites, to just listen to his point of view. He hasn’t made or lost me any money as I don’t pay for Agora shills. I have read Naomi Prinz’s books and she’s a brilliant investigative journalist/writer. But, she too isn’t a equity strategist. Prinz and Byron are aligned to Rickards and the newsletter. If you want to get way out on the… Read more »
capesurvivor
Member
3
capesurvivor

Thanks for info, MP. Rickards macro views are sharp and I spend too much of my retiree days reading Bonner conglomerate free emails.

Marco Polo
Irregular
28
Marco Polo
Well, I’m 60 days away from joining you having taken advantage of delayed retirement to fatten my SS check. Just view the Bonner emails as you did the Sunday comic section of your newspaper back in the day. Personally, I use several on the list of 200 “Russian controlled sites” WaPo published and bookmarked them to see if one can actually find fact, facts and threads to Rickards, Celente, Stockman and others without the added “fat and calories” of Agora or any other newsletter, all designed to get you to part with your coin. They’re the racing tip sheets of… Read more »
capesurvivor
Guest
0
capesurvivor

“Time is the most valuable commodity we have; use it wisely”

You already have the right perspective. Carpe diem. For some of us, the Fates decree infirmity as the new retirement.

Marco Polo
Irregular
28
Marco Polo

If you can open your eyes in the morning, it’s going to be a great day!

capesurvivor
Guest
0
capesurvivor

Good attitude, you’ll be a happy retiree…as long as you don’t
Buy Agora picks LOL.

Lulu
Irregular
840

/Users/lululeman/Desktop/15894238_10206940011533884_478880879407102722_n.jpg
Hoping this comes through…..nope didn’t…

rajbarnett
Irregular
0
rajbarnett

ok, same pitch for PVG again .. what has mine seekers guessing now is the ” red gold ” from Casey’s analysts Louis James ( i think) — and the newsletter is only $2000.?! sheeeesh! we need a group /coop membership for that tip

Al Pointer
Guest
0
Al Pointer

I believe that this God’s Gold stock will be like any other stock. Will see what it does in the near future..

dbrawner
Irregular
0
dbrawner
I’m new to the mining sector but not so commodities. I’m curious about a company being touted as a huge new source of supply being the underlying reason to buy up the price of the stock? Increasing supply would have a depressing effect on the commodity price all things being equal (which they are never). So I’m wondering about the production costs v. the price of gold ratio as some indicator of the company’s value? Of course that implies the company can accurately predict the cost of production over some future period, and that their (or our) crystal balls can… Read more »
Gavin Brinck
Guest
0
Gavin Brinck

Thank you, I’ve been corralled into Casey Research, Agora Financial, etc., etc….thank you for disclosing PVG(already on my ‘Junior Mining Acquisition’ watchlist)- as three separate newsletters want a couple thousand USD for a silly little pick..Pretium still has buying interest, although after 16% gain today…might wait and see. Great article, cheers!

gillbilly
Member
0
gillbilly

I got turned onto ITA from the Agora group and also NVDA. I am up 150% on NVDA and about 15% on ITA.

briankim10
Member
2
briankim10

Best thing to get out of Jim Rickards is that he has keen insight on how the central banks and financial systems work. But he is a terrible investor and investment advisor. His timing is always way way off.
Just ignore his sales pitch, and read his books and you make decision .

Kingfish
Guest
0
Kingfish

Looks like “Gods Gold” (PVG) as well as NAK are both going to hell today. pvg off 7% & nak down 15.9%. Gld is only down 1.5% near close so some type of individual newz or “dumpers” needing cash must be occurring.

Larry Pahl
Guest
0
Rickards is such an odd case… he really does have a powerful resume and set of contacts that take him to the epicenter of financial power and its “Who’s Who”. I am a member of the Chicago Council on Global Affairs, they have world leaders like Tony Blair, Madeleine Albright, Mayor Daley, and scholars like Francis Fukiyama speak, and they have Rickards. His books do reach some in the mainstream… So, yes, his street level marketing blitzes are so annoying… they are like Trump’s Tweets… so we can be annoyed at Trump and Rickards…. but you can’t argue with their… Read more »
John
Guest
0
John
Yes, I am one of those who bought into Jim’s silver tongue. I have lost over 60% in all of the stock picks that Jim and Byron gave us. Today, May 31st gold is soaring but my stocks are still losing ground. But Jim always has a way of explaining all the problem away and just says to be patient $10,000 gold is just around the corner. Gee whiz Jim gold has to pass $1300 first Jim. I like Jim he is smart but I don’t think he is in touch with the pain his subscribers feel and how his… Read more »
Dave S.
Guest
0
Dave S.

Sheesh–does Mike Stathis WANT to get sued?

MarcoPolo
Guest
0
MarcoPolo
Actually I liked what I read. Didn’t subscribe, but share your point of view. Great insight, but concerned of the ethnic distortion field he’s viewing it through. As a student of history (another hobby), certain ethnic groups found niches in trade that literally became part of their culture and they got very very good at it after thousands of years. Ever been to India? They are the master merchants, every transaction a battle, be it a trinket or renting an apartment. That comes from thousands of years of being on the silk road and in the middle of transactions from… Read more »
capesurvivor
Guest
0
capesurvivor

The Indians are second only to the Arabs, who sold me a $1700. rug I didn’t want in the souk at Fes, Morocco, renowned in the Lonely Planet as the most skilled salesman on the planet. Did I mention my rug is under coated with the spice saffron, which discourages cobras?

Dave S.
Guest
0
Dave S.

TOTALLY worth it, in that case. Good buy.

Marco Polo
Irregular
28
Marco Polo

Great feature! I prefer to reside where I wouldn’t need that protection:-)
But, you do have the real deal. While you may not have wanted the rug, on the bright side, you did get the real deal vs. the many cheap knock off’s prevalent in the ME markets.

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