Kevin Bambrough
@BambroughKevin
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Retired Asset Manager, Resource PE Specialist & Author. Founder of Sprott Resources & Sprott Consulting & the “Cellular Consciousness Cognitive Control Model”
Toronto, Ontario
Joined February 2014
I love this quote. Used it in my book… when it comes to investing I love preparing and getting ‘lucky’ Stay the course…eventually your luck will be seen as a pattern
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Or “focus on the journey and let the wind be your guide - only true wealth allows you this freedom”
"If a man knows not to which port he sails, no wind is favorable."
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@michael_doctor @leadlagreport I’ve spent enough time around career politicians to understand that ego and the love of ‘networking’ for person gain is what drives them to never want to give up power.
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Silver Juniors / Gold Juniors Ratio. Might be silver's time to snap back? Feel like I say that every month lol. "But it might work for us!"
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@JPAOL11 Nothing. History shows the one thing you can trust about governments is they can’t be trusted.
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This excites me… this is what historic bottoms look like. These sorts of charts and number are exactly what lead to massive top down policy shifts in China that have huge implications. Just look at the state of precious metals and commodities of late despite this week housing market data in China. Why has China been stepping up and buying physical gold in a big way? Because they are getting ready to engage in a huge expansionary fiscal policy changes. When they begin flowing through the system you can bet it will once again set the commodity market and resource stocks on fire just like the early 2000’s. It’s always darkest before the huge turn.
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Great point on energy cost vs gold mining
The gold-to-oil ratio just hit its highest level ever on the monthly chart—excluding the COVID spike. Who benefits the most from this? Mining companies. This directly impacts their margins, which are expanding significantly as metal prices climb. Gold is up nearly $1,000/oz from a year ago, while production costs have risen only about $100–$200/oz, depending on the mine. The math speaks for itself.
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@RobPJS Gold and silver are strange beasts. If the world wakes up and really begins to despise fiat currency and horde a 10-25x move in precious metals in a decade is not out of the question.
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Sorry. Was terribly unclear. My train of thought was on how cheap gold stocks are with current gold prices and the cash flow margins they provide. I was thinking that with silver prices moving higher and I expect them to move even higher very soon, silver stocks are incredibly cheap on a forward looking cash flow basis today. And if the price of silver moves up like I think it will then they will prove to be even cheaper. Lol.
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No chance we don’t… just a question of our own life expectancies. Few would have predicted $3000 vs $35/oz 55 year ago. Next 50 years could easily see 50-100x. I’m extremely bearish on fiat and bullish on goverment arrogance and the desire of Americans to not pay taxes. They choice will be to print the debt away until such time as the printing pain from inflation is so horrible that sentiment changes. When will the budgets get balanced?
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@Magsman7 They are on a roll… they will not be able to justify stopping the full audit. Treasury, Federal Reserve, Fort Knox… it’s gonna be wild.
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@marketplunger1 lol. The chart works if the bottom is ‘self diagnosed intelligence’. The worst investors are those that can’t admit they are wrong, believing they are smarter
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The market is still just catching on to how much at risk the USA is when it comes to physical Uranium supplies Expect the current administration to make a serious effort to build a strategic stock pile. 3 wave up starting for uranium & related equities
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