Steve Sjuggerud’s “Safest Currency” and “Perfect Hedge”

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“NOTE: The following presentation is based on information obtained from a closed-door meeting at the New York Stock Exchange. It contains details of the exact timeline when the next stock market crash is set to occur.”

That’s the intro to the latest pitch for Steve Sjuggerud’s True Wealth — so yes, it starts out with a pretty ridiculous promise.

That attention-grabber sounds a lot more oracular than this later bit of the spiel:

“Steve has spent a lot of time and money perfecting this early-warning indicator. As I said, he uses millions of data points – and a very sophisticated computer system – to analyze the markets.

“And right now, according to his analysis, we are fast approaching another major market crash.”

Lots of folks think we’re “fast approaching” another crash — not many can tell you exactly when it will happen, which is the implication of such a “timeline” … and despite the implications of the teaser pitch, I wouldn’t waste a lot of time worrying about whether the next crash is being preordained by insiders on Wall Street (they give the example of Henry Paulson effectively warning big investors and hedge funds about the coming implosion of Fannie Mae before the crash, but even if you think that’s happening and the big banks are operating as a cabal to premanage crises, well, that’s not the same meeting that Steve Sjuggerud is being called into).

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Sjuggerud and his publisher and partner, Porter Stansberry, have been warning of the collapse of the US dollar and the likelihood of rampant hyperinflation for several years — it hasn’t happened yet, since low confidence and tighter lending standards have kept buyers too cautious to drive up prices of many goods, and since the rest of the world has continued to cling to the dollar as the US market has looked more pleasant than most of its competitors around the world, but the logic of the decline of the dollar is perfectly reasonable and it certainly might happen. I’ll even accept that it’s inevitable, and has been a long-term trend of decline like most fiat currencies whose overseers like to have a bit of inflation, but “inevitable” doesn’t mean “next month” or “next year” or “in a dramatic fashion.”

To their credit, they have continued to be invested in stocks, from what I can tell of their promotional materials, so that’s important — Steve Sjuggerud has been writing frequently of the continued asset inflation caused by the “Bernanke Asset Bubble” that’s been inflating for a couple of years, and while it hasn’t brought traditional inflation the persistently low interest rates have driven up the prices of many financial assets — including stocks. So it has been an important time to be invested in equities.

I don’t have much interest in trying to predict when the market will crash — it may well be that the behavior of human crowds is somewhat predictable over time, and that the charting and trends that many prognosticators rely on will end up being helpful in making predictions, but I don’t have much faith that any particular person will be right on such macroeconomic issues on any kind of regular basis … at least, not on the kind of timeframe you would need to trade such events. Certainly you can sell stocks or sectors that you think are clearly on dangerous ground, but to predict that about the whole of the market is difficult, indeed — and predicting a crash today (Sjuggerud isn’t doing that, just to be clear, he seems to be laying out a “this is when it will crash” scenario for the future) means you might miss out on a continuing bull market. Or maybe not … the point is, you can’t really know.

But that’s neither here nor there — I do have an interest in keeping my money diversified, and in being prepared to some extent for future crashes, and in being mindful about my dependence on the US dollar. Which is why I thought it would be worth looking for a few of the strategies that Sjuggerud is recommending and seeing how to invest in those strategies.

There are at least two different ads running for Steve Sjuggerud’s True Wealth right now — one signed by Steve about the “single greatest currency investment in the world,” and the other by his brother, Michael Sjuggerud, that teases several investment ideas. It’s Michael’s ad that talks about the “secret NYSE meeting” with 30 rich investors where Steve was invited to share his opinions and his timeline about the market, we’ll try to explain what he’s teasing but I may steal a few clues from Steve’s other ad, too.

Just because we don’t like leaving stones unturned, we can also name “Henry” the billionaire for you, the person who invited Steve to that secret NYSE meeting … here’s how they describe him:

“Keep in mind: For privacy reasons, I don’t have permission to name this billionaire here. Let’s just call him “Henry.”

“I can tell you this: Henry controls a vast business empire. It includes more than a million acres of real estate… as well as investments in agriculture, hotels, banks, and gold mining.

“Back in the 80s, Henry had a close partnership with George Soros. The partnership was dissolved after they made hundreds of percent in gains.”

Don’t know if this will do any good, but Henry the “secret” billionaire with whom Steve Sjuggerud apparently met at the NYSE must be Eduardo Elsztain, a very successful Argentine investor who did indeed help George Soros profit from investments in Argentina about 25 years ago. He’s also a subscriber to Steve’s newsletter and apparently they’re simpatico on many issues, but you’re more likely to be familiar with him as the guy behind Cresud and IRSA, the two major Argentinean real estate investments that trade in the US (Cresud, ticker CRESY, is primarily agricultural; IRSA, ticker IRS, owns malls, office buildings and hotels and develops residential properties).

Not surprisingly for a wealthy man from a country that has a history of hyperinflation, staglfation and confiscation, he’s typically quite focused on hard assets like real estate and gold. And apparently he values Sjuggerud’s perspective:

“… when Henry and his wealthy associates wanted to know when the next financial crisis is set to take place – and how to prepare for it – Steve was invited to share his analysis.

“In a minute, I’ll explain exactly how Steve knows the timeline for the next market collapse. But keep in mind: Even though Steve believes a crash is imminent… he is by no means an alarmist….

“Here’s what he told the wealthy men gathered at the NYSE: There’s a crisis coming (he gave them the exact timeline), but before that you have a once-in-a-lifetime opportunity to make a fortune.”

One of the primary points of the ads is that the US dollar is likely to fall when the market falls — and both Steve and Porter apparently think there will be a rush to the exits when it comes, bringing a crisis — so what does he think you should buy?

The first thing noted is “THE SAFEST CURRENCY PLAY ON EARTH” … so what’s that? Here’s an excerpt:

“When the next financial crisis hits us, my contact tells me the U.S. dollar will almost certainly fall further.

“… there’s one currency out there that’s doing the exact opposite of the U.S. dollar. It’s appreciating every year. And my wealthy contact tells me this is where you want at least some of your savings to be.

“He even showed me a super-easy way anyone can put U.S. dollars into this currency – in just 5 minutes online.

“Why is this currency safer than the dollar?

“Well, for one, this country is immensely rich in natural resources, especially gold. It produces more than 8 million ounces of gold every year (according to 2012 figures)… Which makes it the BIGGEST producer of gold in the developed world.

“To put it in perspective: In the U.S., we have one of the world’s richest gold mines – the Goldstrike Mine in Nevada. Well, this country produces the equivalent of 7 Goldstrike mines – every year.

“And unlike in the U.S., where private companies own gold resources… this country’s government owns its own natural resources. So in a way, this currency is backed by gold.

“Not only that – while the U.S. government is busy printing money, with no end in sight… this nation is not far from being debt free….

“The bottom line is, your money may not be safe in America. And Europe’s financial situation may be worse than ours.

“But there is a developed country out there that’s not up to its eyeballs in debt.

“And right now, while you earn next-to-nothing in interest in your U.S. bank… you can earn more than 6% interest on your cash thanks to this currency.

“Here’s what my contact told me: ‘Mike, money goes where it’s treated best. And I expect this currency could soar beyond anyone’s expectations.’

“The best part is, he showed me a really simple way for Americans to potentially profit from this currency. You can basically do it through any online broker. It will take just 5 minutes.”

OK, so yes, Mike’s “contact” is his brother, Steve, and this country’s currency does match some of the characteristics Steve Sjuggerud always says that he looks for (his mantra has been: hated, cheap, and in an uptrend). It’s the Australian Dollar — Australia is indeed the largest gold producer in the developed world (second largest gold producer in the world, after China), and they did produce about 250 tonnes of gold in 2012 (which is just over eight million troy ounces), and the Australian state does own the nation’s mineral deposits. They’re not debt-free — but compared to developed countries like the US, Japan or their European peers they’re pretty close.

Australia also has much higher interest rates than most of the developed world — a difference that’s probably most stark when you look at plain vanilla stuff like savings accounts and CDs. You can get close to 4% on a one-year CD in Australia, while in the US you’re lucky to even get close to 1% … and even if you tie up your money for five years in a US CD you’ll still get less than 2% from almost every bank. Think of what that would be like for you as an Australian investor — 4% is the “risk-free” hurdle that a potential investment has to beat to be worth your money. Wouldn’t that be nice?

As a corollary to that, Australia has a high-yielding and dividend-focused stock market — their major index would get you close to a 6% dividend yield. In the US you can get risk-free returns of 1% from the bank or a reasonably predictable dividend yield of 2.5% on big stocks, in Australia it’s a similar dynamic, but it’s 4% from the bank vs. 6% from dividends.

So what’s the investment that you can easily make through your broker? Well, you could just buy the ETF that gives you exposure to Australia’s currency — the CurrencyShares Australian Dollar Trust (FXA) … but that won’t get you a 6% yield, it’s more like 2.5% unless you assume you’re going to tack on some capital gains as well. And you can also use leverage to “double down” on the Australian dollar using the ProShares Ultra Australian Dollar ETF (GDAY) — but since that’s a leveraged ETF it’s really just for short-term moves, it tries to double the daily move of the Australian Dollar against the US Dollar but it has not yet, so far, paid any distributions so it won’t get you double the yield and it’s definitely not “safe.”

No, to get a 6% yield on an easily bought exposure to the Aussie dollar I think the best guess is buying the Aussie stock market itself — the most liquid big ETF is the iShares MSCI Australia Index (EWA), which has historically had a large exposure to miners and still does, but which has a much more dramatic weighting in Australian banks and financial companies these days (close to 50%). That probably helps them in the current environment, with Australia continuing to cut interest rates to historically low levels (their benchmark rate is 2.5%, lower than it was during the 2008 crisis) as they attempt to build an economy that’s less dependent on exports to China. The Australian index is about flat on the year, and has done substantially better than the Aussie dollar during that time, FYI.

I don’t know a lot about the Aussie economy or the valuation of the stock market, but both the Aussie market and the Aussie dollar have been bouncing back recently from downtrends, at least a little bit. Do note that even broad markets and major currencies can be quite volatile, it’s not been unusual for the Aussie dollar to move up or down 20% versus the US$ in recent years and the Aussie dollar famously collapsed by 40% in just a couple months during the financial crisis. The Australian economy and dollar have a lot going for them as long as commodities don’t collapse entirely, and in many ways the Aussie dollar is fundamentally a lot stronger than the US dollar, but Australia’s currency is not as hard-wired into the global economy as the US dollar and few people flee to the Aussie dollar when they’re afraid.

How about one more for you?

“this investment opportunity has nothing to do with stocks, bonds, or options. But it’s in a market that’s almost as big as the U.S. stock market.

“Steve calls it the ‘Perfect Hedge’ against a weakening dollar.

“And the best part is, even if Steve is completely wrong about when the stock market crashes… And even if by some miracle Washington abandons its destructive financial policies… the “Perfect Hedge” could still make you money.

“That’s partly because, unlike stocks, this hedge can NEVER go down to zero. It always has value.”

This “perfect hedge” is, I think, … housing. If you can buy a house with a fixed-rate mortgage and the dollar declines and we see inflation, then the value of your house increases but your mortgage payment stay the same. Warren Buffett famously declared that he would buy thousands of single family homes in 2012 if he could find a way to do that efficiently, and he also noted that he thought buying a home was a great way to effectively hedge the dollar for those same reasons. Of course, he came to the conclusion that he couldn’t effectively buy up thousands of single family homes and rent them out, so he didn’t, but others have, particularly hedge funds.

And yes, a house will (almost) always have value, particularly if it doesn’t end up being in a blighted part of the next generation’s Detroit … but do note that when using a mortgage there’s no guarantee that the house’s value will exceed the money you borrowed to buy it. It’s a strong likelihood, particularly if inflation heats up, but it’s not guaranteed.

So is Sjuggerud just suggesting here that it’s still a good idea to buy a home or, if you own a home already, to buy another home and rent it out? Or is he teasing some sort of stock market investment? He has publicly suggested lots of different housing-related ideas in his free articles over the last few years, but since he says it can never go to zero he can’t really be talking about the levered investment funds that are buying up swathes of foreclosed homes — I suspect this is just a recommendation to buy physical real estate still, even with prices recovered somewhat, something he has also reiterated fairly recently, but he has also recommended the big single-home buyers in the last year, particularly Blackstone (BX) over the Winter when he said it was “crazy cheap” (that worked out well for him, it’s up more than 60%).

So that’s what I think Sjuggerud is pitching here as these two plays on a falling dollar — Australia and Real Estate. He also touted something called “Rich Bullion”, which we’ll talk more about tomorrow. My family owns a couple mortgaged properties, including one that we bought this year, so I guess I’ve been implementing that side of the strategy … but though I am overweight in foreign stocks I don’t think I have any current Australian investments. Any feelings about where the dollar might go, and what might be the best way to play that move? Let us know with a comment below. Or if you’ve ever subscribed to True Wealth, by all means, chime in and review it for us by clicking here.


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27 Responses to Steve Sjuggerud’s “Safest Currency” and “Perfect Hedge”


  1. You’re correct FXA and he recos to buy RE to rent. But it’s very local. In my place (LA) prices are back to the good old days. It’s a good letter. As to FXA I fully agree. What’s best than a country that can kick its incumbents after less than a year in power after bad tax decisions? I think Australia is one of the best place to diversify if you’re after yield.
    Altogether Sjueggerrud is very positive on the markets in general.

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    • Well, actually the incumbents were 6 years in power, and they were good tax decisions, but don’t let the facts get in the way of your beliefs…

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      • I would also like to know more about Manny Backus, I’m new maybe direct me some of your older articles. How about Oxford Club’s Thorium mine in Nevada ?

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  2. A couple of quibbles and some input. Eduardo Elsztain also has a 3rd US listed company called APSA, Alto Palermo SA, which owns the shopping mall of that name in north Buenos Aires. He tends to shuffle assets around between his companies to manipulate up their prices. He also is involved with some shady fellows in Israel, a bent rabbi among them discussed below. He tried to take control of a holding company in Israel last month but couldn’t raise the money.
    I have met him a couple of times myself, mostly in Buenos Aires but he even came to my house about a decade ago. There he refused to drink the Argentine wine my husband had bought in his honor and insisted on a kosher drink, scotch whiskey. I think from that episode that he is a bit of a fake.
    Eduardo is Jewish but so am I (as Eduardo could have figured out by looking at the Mezuzah on our front door after which he immediately put on his yarmulka). So is George Soros. But religion is not how one picks investments.
    Soros bailed out of Argentina (and the Cresud group) in 2003 but Eduardo is still playing on the link with Soros. The bent rabbi is called Pinto and he was involved in hanky-panky in a NY congressional election (on Staten Island I think. ) Then the Rabbi borrowed money to buy a residence near my NYC home and couldn’t pay the mortgage, so filed for bankruptcy. Then he was thrown into the pokey in Israel for tax evasion and other problems. He is some sort of spiritual guru to Elsztain just as Steve S. is his investment guru.
    Natch I too look for Australian currency plays with yield and leverage. The one I recommend is Aberdeen Asia Pacific Income Fund (FAX), a closed-end fund investing in the Pacific Rim but in fact with about half its money in nice-yielding Australian state and central government bonds. It produces a very nice dividend because a closed end fund can borrow in US$s to invest more money in A$s. The leverage boosts the yield, even without a rate hike Down Under which I expect.
    Then it also trades at a discount from its net asset value as many closed end funds do. Last Friday its NAV was $6.85 (US) while its price was $6.16, further boosting the payout. Although now owned by Aberdeen, a big Scottish investment fund group, it also was founded by a Jewish fellow, an Australian who had been born in South Africa. He is still on the FAX board. So what’s not to like?

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  3. I’ve invested in Buccaneer Energy, an Australian company (BCC on the ASX, BCGYF on the OTC, http://www.buccaneerenergy.com/about-buccaneer), in part due to the strength of the Australian dollar, but for other reasons noted below as well.

    I live near the Cook Inlet region where Baccaneer currently has what appears to be a very successful exploration and development operation in progress. They are drilling in the vicinity of previous wells, and there are transmission, distribution, processing, and large loads such as the Beluga Power plant (serves Anchorage), an LNG export terminal, and fertilizer production plant, all very close to the production sites.

    What is not common knowledge, perhaps, to those who do not live here, is the fact that there is a shortage of natural gas in the Cook Inlet area. We are reaching a point of crisis. We may have to import LNG. The legislature is looking at spending gigabucks on a too small to be economical pipeline to cook inlet from the north slope. In addition the State of Alaska has provided major financial incentives for Cook Inlet gas and oil development from which Buccaneer benefits.

    Some icing on the financial cake came in August, when Buccaneer signed a joint operating agreement with EOS Petro (EOPT on the OTC, http://online.wsj.com/article/PR-CO-20130822-904178.html). EOS will drill the first couple wells in prospective units at its cost, but Buccaneer retains a 50% working interest in the units – thus reducing its exploration risk to zero.

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  4. I subscribed to ‘True Wealth’ from the early 2000s to 2007. I remember Steve S. enthusing about the interest rate you could get on accounts denominated in Icelandic Krona. Around about 15% iin 2007 if I recollect. That was before the Iceland banking crisis and the collapse of the ISK.
    http://www.xe.com/currencycharts/?from=ISK&to=USD&view=10Y
    OK, Australia is not Iceland but I’ve been wary of Steve Sjuggerud’s calls ever since. :)
    By the way, this isn’t the EVE Online currency – it’s the real world one but the way Steve talked,, it too was headed into interstellar space.
    Oh well, I didn’t lose any money on that ”opportunity’. We won’t speak of far more prosaic invetments like US real estate.

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    • He was also terribly wrong on yukos (former Russian oil giant) and only 2 years ago with annaly (NLY),now he thinks the marketbubble is to be continued because of endless QE,but his brother reerring to him as real specialist is warning for the comming collapse,I think he’s not important enough nor his jewish Argentinian pal to have being part of a secret cabal gathering where is decided when the actual marketbubble collapses,it will for shure and maybe sooner than later and I dont need his advice to heed from the trouble comming

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  5. Some time ago I bought a small holding in Bank of Montreal (BMO) for a dollar hedge plus dividend income. I think it is more or less going as planned. I wonder if the same strategy would work for a good Ausi Bank?

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  6. This guy, Stansberry, high school grad, Glenn Beck and their ilk remind me of the Tom Waits line: “There’s a sucker born every minute and you just happen to be coming along”

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    • It never fails – whenever Gumshoe publishes an article remotely related to Stansberry, somebody takes a cheap shot. Stansberry only publishes Sjuggerud’s newsletter, he is not responsible for any of the content or recommendations. And what does Glen Beck have to do with investment advice? Here’s the name of another high school grad – Bill Gates (he never finished Harvard).

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  7. I’ve been following the “global warming” and then “Climate Change” debate for years, and was happy to note that Australia appears to be moving away from the former administration’s fascination with Carbon Taxes. This should be very positive for Australian businesses.
    (Enginer)

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  8. I had friends invest in fixed term deposits in OZ banks
    The UK pound was tanking and so a good move
    Fixed interest was 5% and of this 10% is with holding tax leaving a net of 4.5%
    not bad
    however I warned them of the exchange rate and that the government was doing all it could with the Reserve Bank of Australia to get the dollar lower as it was making some goods exported not competitive.

    OZ banks guarantee deposits up to 1 million dollars
    AAA ratings
    but beware of the exchange rates
    as far as real estate goes – it has gone to the moon

    now with a new government the carbon tax and mining tax is being reviewed/removed as it was a pre election promise and the new PM is not about to lie about it given the stick he gave to the former first woman PM

    we have 3 more years of a disciplined liberal coalition government and I think they will do well

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  9. I posted the wrong article about the bent rabbi, not from Globes Israel. sorry. Here is the right one:

    Front News Views Features Real estate Israel resources Market prices Events
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    Rabbi Pinto to Elsztain: Israel investors will double their money
    Rabbi Yoshiyahu Yosef Pinto said, “This is the time when Jews of the world should show responsibility and support for the people who live in Zion.”
    23 September 12 14:47, Li-or Averbach

    Rabbi Yoshiyahu Yosef Pinto, who mediated between Nochi Dankner and Eduardo Elsztain in the Ganden Holdings Ltd. deal, told Elsztain that an investor in Israel would make two or three-fold return on the money.

    “It is very important for the Israeli economy and to ensure the livelihoods of tens of thousands of Jews, and to help all the people who invested through insurance and pensions, which lent money to companies,” Pinto told Elsztain. He added all investors in Israel “would not be hurt, and will see their money back, even doubled and tripled. The global economic crisis is affecting Israel too, and mutual ties between Jews in the Land of Israel and in the Diaspora should be tightened so that the livelihoods of Jews everywhere will not be harmed.”

    At a meeting of Argentinian-Jewish leaders in Buenos Aires on Friday, Pinto said, “This is the time when Jews of the world should show responsibility and support for the people who live in Zion.”

    Pinto called on Argentinian-Jewish leaders to devote their Yom Kippur prayers to the People of Israel, saying, “We are sure that God will save the People of Israel and not spill the blood of even a single Jew.”

    Published by Globes [online], Israel business news – http://www.globes-online.com – on September 23, 2012

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    • many including China are moving away from the FIAT US$ as its like the emperor with no close
      many countries including Australia trade in other currencies beside the USA
      unheard of a few years ago but now a reality
      China and Russia deal in the own currencies of Gold so i guess its the new way
      Asean is also coming up in 2015 and its mooted that they will also trade in a different currency –
      No FIAT currency has lasted forever

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  10. Sounds so wonderful, buy the Aussie and live happily ever after. Trouble is, the AUD is strongly inversely correlated with activity in China because of their trading relationship. Even if gold rallies strongly, but China growth is muted, the AUD will NOT rally. In times of turmoil (check anytime in the past 50 years), the USD is king because of the enormous reserves around the globe. Don’t even think about the AUD unless China can rally during the crisis.

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    • Action in the Aussie Dollar is also dependent on action in the Yen. When you see moves in the USD-JPY pair, you’ll often see moves in AUD too as carry trades wind and unwind.

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  11. From your teaser of this article “Safe currency and 6% dividend” I guessed EWA
    I guess you are rubbing off on me!

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  12. I hold three Australian energy stocks both for their prospects and the Australian currency. As another poster noted, the slowdown in China’s massive consumption of all commodities has slowed with their economy. They also appear to be transitioning from infrastructure investing to encouraging consumer consumption. But they are still growing at multiples of the developed world and need massive amounts of energy to complete their transition to the top of the world economic ladder.

    So I have been holding Sundance Energy, SEA.ax/SDCJF, for several years. An Aussie exploring the shale basins in the US. They specialize in buying land early and gradually transitioning to full operatorship. They bought land in the Bakken early and had the big boys operate so they didn’t have to beg,borrow or steal the capex to drill. Then last year they sold the best chunk of Bakken for 173million in cash. They have over $100 million in cash and are drilling in the Eagle Ford Shale, Mississippian and Wattenberg as operators. They have two drills working the EFS and expect to go from 1200boepd at 1/13 to 5000boepd at 12/13. Very smart mgmt team and just about ready to gain more awareness in the US.

    Buccaneer Energy, BCC.ax/BCGYF is exploring for oil and gas in the Cook Inlet. They were early into the Cook Inlet, tying up key prospects right before Apache and Hilcorp came into the area and spent hundreds of millions. They have low risk assets since many of their prospects have already been drilled or are adjacent to proven fields. Most drillers abandoned Cook Inlet in the 70′s in favor of the North Slope so there has been minimal exploration in the area since the 70′s. But there is abundant oil and gas. Buccaneer has drilled 4 onshore gas wells. The first two hit and produce 5mmcpfd each. Third one missed so they went back and got more seismic. 4th one is drilled but there is a dispute with a neighbor over sharing production so testing is delayed but it’s likely another 5mmcfpd.

    The incentives by Alaska are incredible. ACES is a program that rebates up to 60% of the drilling costs. Buccaneer is getting mid $6/mcf for ngas or double US prices. There is a mothballed LNG plant that has been exporting to Japan at $16/mcf until this year. It’s small but the only operating LNG export plant in North America. If restarted, could provide a nice export market for the extra gas beyond local consumption. Buccaneer has the best jackup rig in the Inlet. They are partners in refurbing a rig and bringing it to Alaska. The State is so desperate for ngas, they put in $25million of the refurb cost for free. If Buccaneer hits big on any of their several offshore prospects, the return could be big but it will take time to bring anything to production. It’s speculative but they have reserves and the incentive program to add some safety to the speculation.

    Anatolia Energy, AEK.ax, only trades in Australia but way undervalued uranium explorer. They have an ISR project in Turkey that can produce 1million pounds/yr for 8 years. Capex is only 32 million to build it. Turkey has NO U308 production and is building 3 nuke plants for their growing economy. In the lowest quartile for operating costs, low capex and needed by the local economy. U308 is still in the dumps because the Japanese utilities are selling their stockpiles into the market but China is building 30 and the Russians are going to stop selling us downgraded bombs for fuel this year. This is a cheap spec on the eventual revival of U stocks.

    The Aussie stock market is commodity and mining heavy and has suffered from the downturn/flattening of commodities due to China worries. But they still have resources and mgmt teams experienced in exploring AND they are close to Asia to supply India and China with the needs of their 2 billion consumers.

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  13. I invest my money Triangle petroleum TPLM, from one website.
    Can you give more information if I will hold this stock for longor not ?

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  14. For what it is worth, as I am not a stock broker; Near term support is @ $10.06. If it breaks $9.46, I would sell or leave very minimal shares. Long term support is @ $6.36 or 200dma. Time to take some profits, as it hit resistance at $11.38. I watch charts; they are the most reliable indicators of future movement.

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  15. Norway and Singapore has the most safest and sable currency, because both countries are least corrupted nation in the world.

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  16. we are looking into another Australian stock, this time a company which is being spun off by its Australian parent. I have assigned a skeptical writer to the subject, Martin who used to live Down Under. I like skeptical writers. The company is Westfield which operates shopping malls in the US and Britain; it will be spun off by the parent Westfield in Oz which also has malls in New Zealand, and will then merge the Down Under operations into a local REIT. Watch this space.

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  17. You can buy Norwegian stocks some of which are also run by crooks (but not Jewish crooks). You can buy lots of quite sensible stocks in Singapore. Look into the world of American Depositary Receipts. While some of these shares trade only on the grey market there are plenty of listed ones. Unlike a pure currency play which is for specialists, a stock offers you some protection on the upside and the down. If the S$ or the NOK go up your ADR in US$s will be worth more. However, because most ADRs are global companies, you will lose some if they go up so high they cannot sell their goods or services outside Singapore or Norway. So it is a rather balanced way to get into these countries. And by the way, there is no known link between a country being honest and not having corrupt officials and its currency rising against the Greenback.

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