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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: He Hates Juniors, But He's Nearing a 100-Bagger...
Published: Tue, 06/08/21
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For my 10-Bagger Podcast I interviewed Mariusz Skonieczny, a very interesting fellow who runs a newsletter called MicroCap Explosions.
Mariusz lost money on 12 juniors but is approaching a 100-bagger on one that has made him well over 7-figures. He says he will never invest in miners again. (My thoughts are in the next section). He also has written a great book that will help you learn a lot about the gold business and industry. Click Here for the Interview My friend Ronnie Stoeferle publishes his annual "In Gold We Trust" report, which is a bible of sorts for gold investors. There's no better report to read. It's a big file. Click Here to Download the Report I published this video a week ago but it remains relevant. Short-term outlook and levels along with a new analog chart. Click Here for the video. Subscribe to TheDailyGold Premium for Only $149
------------------------------------------------------------------------------------------- Everything that Mariusz says is valid but it should be pointed out 1) those losses were during 2011-2015 and 2) his stock selection could have been better. But, his story and experience are extremely valuable for all of us. First, if you want to make huge gains or even life changing gains on a single investment, you have to put in the time and hours of research. And you have to have conviction and hold for more than just a year or two. Second, mining is an extremely difficult business and most companies will fail or not meet expectations in some way. You don't want to sell too soon during a raging bull but you cannot hold juniors for 5+ years (unless they start moving after 3-4 years of doing nothing). At the same time, company selection is essential. You have to know what you're buying and understand what the smart money and big money in the sector will buy and will not buy. It's all about the economic potential of an existing mine or an undeveloped deposit. -------------------------------------------------------------------------------------------   I look forward to reading your weekly reports and have profited substantially by following your advice over the last two and a half years. You have educated me, not only by helping me to better understand the fundamentals of selecting junior resources stocks but I have also come to understand the basics of technical analysis that applies to them. I appreciate your straight forward and honest approach backed up by the evidence that you present and your experience. There is lots more to learn and I remain a loyal subscriber. Jordan's newsletter The Daily Gold is the best deal in precious metals investing. He is sharp, experienced, honest, doesn't overhype, disciplined, and he is killing it in this bull market with well researched picks that are outperforming the GDX & GDXJ with less risk and better upside in my opinion. Seriously, check it out. ------------------------------------------------------------------------------------------- In TDG #729 we had a varied focus. There were company updates and among other things, a note on volatility, inflation expectations and stock picking. The volatility indicators suggest more time is needed before Gold can make that huge move and sustain it. The indicators are coming down but that needs to continue for another 3 to 6 months, in my view. Gold is not in technical position to launch, but it may be as early as Q1 2022. With regards to inflation expectations, some indicators there are pointing lower and the dollar has a chance to mount at least a bit of a rally here. Consider these potential moves as counter-trend. In terms of stock picking, my focus is on fundamental quality and upside potential. I look for the best combination. The odds of success is part of fundamental quality. Some companies have high odds while some have to achieve more to raise their odds. I'm willing to sacrifice on fundamental quality if the upside potential is high enough. Quality stocks will move first and outperform. I'm already seeing it. Eventually, when Gold is close to breaking out, it may make sense to shift a bit of capital into what I deem lower quality (just not the highest) that has huge upside potential. I continue to work hard to find quality juniors with huge potential. I'm not going to rest and sit on my current holdings. I'm always looking around for more! Are you going to take advantage of my expertise now or wait until Gold breaks $2,100 and all these stocks have already doubled? "I am simply a pure market-timer for a broad basket of gold stocks and precious metals. Jordan, on the other hand, has provided superior STOCK-PICKING abilities over the longer-term. I am familiar with most gold stock subscription services over the past 30 years. I rarely provide endorsements of any kind, but Jordan's ability to analyze individual gold/silver stocks has been among the top 5 services over the past decade. First and foremost, I respect his integrity. -Jeffrey Kern, SkiGoldStocks.com
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