It was August of 2011.
I was watching CNBC, and the talking heads were gushing about how $2,000-an-ounce gold was a done deal.
Some were even calling for the yellow metal to hit $5,000.
The air was thick with fear at the time – everyone was afraid the US would default on the national debt.
(Remember that? The so-called “debt-ceiling” crisis?)
The smart money – Wall Street pundits were saying – was buying up gold, gold ETFs and gold mining companies with both hands.
The implications were clear – you’d better get in on precious metals, too… while there was still time.
Let’s say you’re in the market for a new car.
And since you want to ride the wave of the future, you visit your Tesla dealer to check out their EVs.
You love the Tesla Model S – it’s sporty and gets about 412 miles per battery charge.
Sounds good, right?
Then… sticker shock.
You see that this car costs US $81,190.
(And that’s for the stripped-down version!)
You just know there has to be a more affordable EV, so you go to an Audi showroom and take the Audi e-tron for a spin.
It rides nice and costs much less – about $55,000– but you discover it only gets 208 miles per charge.
That’s not enough driving range for you, so you head to your local Volkswagen dealer to check out the Volkswagen ID.4.
You find it’s a good value at $42,000, but its range isn’t much better– only 250 miles per charge.
See the problem with today’s EVs?
After two years of wallowing in the dumpster, the cannabis sector is off and running again.
A big reason? Cannabis laws are beginning to loosen around the world.
That country’s Chamber of Deputies approved a bill on March 10 that legalizes recreational cannabis.
The next step is for the Senate to vote on the bill.
Members are expected to pass it.
Once they do, it will then go to President Obrador (who has signalled support for the measure).
The time was 2008.
The place, a supermarket in DeSoto, Texas.
Anita Ortez had just finished shopping there and was ready to head home.
But as she started her Toyota 4Runner, she knew something was very wrong.
Was that Ed?
Ed was a friend of my dad’s who used to be CEO of a multi-million-dollar consulting firm.
I hadn’t seen him in years…
Or so you’d think.
The Ever Given, the ship that clogged the Suez Canal for nearly a week, has been freed.
The backlog of 400 ships created by it has cleared through the canal.
M&A activity in the gold sector has been hot, hot, hot this month.
Since March 10th we’ve seen three major acquisitions of junior mining companies – which is not surprising when you consider that gold stocks have been underperforming of late. Gold producers that are sitting on a lot of cash have been able to capitalize on discounted prices, and with interest rates being so low, there’s also a lot of cheap money available to finance these kinds of M&A transactions.
Despite a shaky chart over the last few months, we remain bullish on gold in the long-term. We think there’ll be a lot more M&A deals happening in the sector in the coming months, especially acquisitions of juniors that are in possession of high quality deposits that are in production or near production.
Let’s take a look at what’s happened this month.
Dear Fellow Retail Investor,
Back in my hippie days (I’m old), I remember buying a bag of weed that reeked of mold.
Obviously I couldn’t complain to the Better Business Bureau about it.
Headquartered in Ayers, Michigan, Gage Cannabis Co. is a cultivator, curator, and retailer of high quality medicinal and recreational cannabis products. Gage also brings internationally recognized cannabis brands to market.
Despite its reputation, gold hasn’t really been the safe haven when things have gotten really ugly in the past.
In 2008, before starting a three-year bull run, gold dropped 30% in the panic sell-off.