News RSS

An Ounce of Silver Or A Bottle Of Wine?

What would you rather have? An ounce of silver, or a $27 bottle of wine?  For me, that is an easy choice. Sure, maybe I would think about it if the choice was an ounce of silver, or a bottle of Caymus Special Selection, or BV George de la Tour. Then we are talking about a $100 or $150 bottle of wine, which is more like the equilibrium price of silver, than today's $27. I mean, a dinner at the diner for $27 bucks or that ounce of silver?  Let's not forget that silver IS a precious metal. It has a long, long history of serving as a store of value, currency, and vehicle for maintaining purchasing power. In ancient times, it...

Continue reading

The Old Guard And The Fountain Of Youth

There is a lot to say for the "old guard." Often the old guard is viewed as a bit dated, but filled with wisdom, experience, and relevant lessons for the future. Today, there are some excellent values in stocks that fit the bill of being the old guard. But what is the surprise? Though Juan Ponce de Leon never found the fountain of youth, I think all of these companies are on the hunt, and in fact, will find their inner vigor I own all of these "old guard" stocks that I believe remain fundamentally and technically cheap and interesting. The positions are outright stock, 1/21/22 leaps, and 1/20/23 leaps. I have found the leaps to be generally inexpensive, given...

Continue reading


Remember TWINS, Danny DeVito and Arnold Schwarzenegger?  Danny and Arnold are unlikely twins. Danny is very SHORT, and very funny, and Arnold is BIG, very big, and both are connected by lineage, and indeed, their hearts. Semiconductors and platinum group metals are also twins and have a lot in common with Danny and Arnold! Well, both are SHORT and both are BIG!   The shortages in semiconductors has now been telegraphed by Ford, leading to a reduction of vehicle output in the first quarter of up to a remarkable 20%. Now that shortage is BIG. Demand for semiconductors is critical in the production of an automobile, and the demand is inelastic. No chip, No car! It's that simple. Platinum group metals...

Continue reading

Observations of An Old Salty Dog

Some insights for an old salty dog, observing the GameStop, Robin Hood, Reddit sea change. Standing here on the deck of this wooden sailing ship, recent experience has brought the horizon and the future close enough to taste the spray of the new waves of change.  Money Flows - The amount of money in the system is so massive that it collectively is bigger than any single idea, or entity or institution. Targeting - While there may be tens of thousands of ships in the fleet, somehow all of the wind finds itself blowing on just a few. Communication - This occurs as a function of the universally available, immediate ability to communicate to a vast collective of cohorts. Challenges to Conventional Thinking...

Continue reading

If South Africa Was Canada

If South Africa was Canada, do you think PGM production would be greater? You bet your informed PGM buttocks it would! South Africa produces 70% of the world's platinum and along with Russia, dominates the production of platinum group metals. Platinum group metals are not complicated. They are the rarest metals on planet earth. They have properties like no other element on the periodic table. These properties are extraordinary, unique, remarkable, and have proven essential in a modern civilization. There are no substitutes. You don't have your needed PGM? Then you don't have the component you need to make your product, period! And you do not need to be Elon to project future demand.  This stuff is in the ground,...

Continue reading