This is news today. Louis James, Alex Daley, and all the rest have to sell their personal holdings of stocks within their newsletters. Not sure how I feel about that. I am sure it is because of Porter’s history but I felt somewhat reassured that Louis and others were eating their own cooking. i.e. owning their recommended stocks.
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I don’t plan on selling anything because of this. I am still long a number of these gold mining and royalty company stocks. And I plan to keep adding as funds allow. My family probably thinks I am nuts, but the leverage these stocks give will be obvious within the next 5 years or so. And most importantly, I plan to take profits off the table when I can.
Maybe that’s the reason Katusa bailed out. I don’t like it, would rather know that they are eating their own cooking and say so. But I don’t need any more weight in the sector right now !
I am sure that is why Katusa left. He had massive positions in some of those recommendations.
I see that they eliminated the Energy newsletters and Ed Steer’s gold market commentary too. Too bad I am not wealthy enough just to join Katusa’s hedge fund. I bet he makes a killing in the next decade. He is a very smart and successful guy.
How do you even join his hedge fund? Does anyone at least know the name?
He has a couple fund partnerships — I think the ones that are still in existence are the KCR fund and the KC fund. They’re not open to new investors, and they’re heavy on cash, reportedly. Katusa’s goal is to get ready for a “next phase” launch of funds in two or three years when those partnerships end.
Thanks, man. You really know your stuff!
I’m still here. Would have been nice to afford to follow Dave down to Estancia but way out of costs. However, Going over to PR and find Louis area could be possible I guess if the whole Island doesn’t file more Bond bankrupcies, etc.
Sure could use one of those PR Books they offer but tied to taking a subscription from latest e-mail they sent me.
SeaYa
chazz