Login

Stocks & Equities

Top Stock Picks: Holmes vs. Rule vs. Katusa

Share on Facebook Tweet on Twitter

Posted by Investing News

on Wednesday, 24 January 2018 06:16

copper-pricesFrank Holmes of US Global Investors; Rick Rule of US Sprott Holdings; and Marin Katusa of Katusa Research share their top stock picks of the year.

At this year’s Vancouver Resource Investment Conference (VRIC), there were plenty of investors eager to learn more from mining experts and thought leaders.

One of the most well-attended panels on Sunday (January 21) featured Frank Holmes of US Global Investors (NASDAQ:GROW); Rick Rule of US Sprott Holdings; and Marin Katusa of Katusa Research. They shared a few of their top stock picks for the coming year.

Here’s a closer look at their favorite companies. If you missed VRIC this year, don’t forget to check out our notes from the floor for day one — and be sure to stay tuned for more articles and interviews from the conference.

Frank Holmes:

1. Dolly Varden Silver (TSXV:DV)

Current price: C$0.76; year-to-date gain: 7.04 percent

Dolly Varden Silver is a mineral exploration company focused on exploration in Northwestern BC. Dolly Varden has two projects — its namesake Dolly Varden silver property and the nearby Big Bulk coppergold property.

2. Tristar Gold (TSXV:TSG)

Current price: C$0.28; year-to-date gain: 23.91 percent

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The company’s current flagship property is Castelo de Sonhos in Brazil’s Pará state.

3. New Pacific Metals (TSXV:NUAG)

Current price: C$1.30; year-to-date gain: -11.56 percent

New Pacific Metals is a Canadian exploration and development company that owns the Silver Sand project, located in the Potosi department of Bolivia. It also holds the Tagish Lake gold project in the Yukon, and the RZY project in Chinan’s Qinghai province.

Rick Rule:

1. EMX Royalty (TSXV:EMX)

Current price: C$1.12; year-to-date gain: 8.74 percent

EMX Royalty leverages asset ownership and exploration insight into partnerships that advance its mineral properties, with EMX receiving pre-production payments and retaining royalty interests. EMX complements its royalty generation initiatives with royalty acquisitions and strategic investments. Its royalty and property portfolio spans five continents, and consists of a balanced mix of assets.

2. Sprott (TSX:SII)



Read more...

Banner

Stocks & Equities

The Adaptive Markets Hypothesis: A Step in the Right Direction

Share on Facebook Tweet on Twitter

Posted by Kendall Anderson of Anderson Griggs

on Tuesday, 23 January 2018 06:50

5810162430943409567In a conversation with the master jazz musician and Pulitzer Prize-winning composer Wynton Marsalis, he told me, “You need to have some restrictions in jazz. Anyone can improvise with no restrictions, but that’s not jazz. Jazz always has some restrictions. Otherwise it might sound like noise.” The ability to improvise, he said, comes from fundamental knowledge, and this knowledge “limits the choices you can make and will make. Knowledge is always important where there’s a choice.” - The Art of Choosing, Sheena Iyengar

We have all been taught to “play by the rules” since the very beginning of our lives. Our parents did the best they could to teach us rules of proper behavior. That list of rules continued to grow longer the older we got, governing our day to day interactions with others. However, each of us has learned that in many instances rules can and should be changed. It just takes an overwhelming amount of effort to do so, and leaves those attempting to enact that change open to bullying by the status quo.

Investment advisors, since 1940, have been subject to the legal rules established in the Investment Advisors Act, which spells out the fiduciary duties they have to their clients. Since then, the basis for these underlying fiduciary rules has not changed much. However, due to the rapid development of statistical analysis based on more powerful computer capabilities, academic finance has greatly changed what is today considered “correct and reliable” investment portfolio management rules. As a long time practitioner I have learned enough to know there are no reliable universal rules, and those willing to put complete faith in such rules will end up losing at some point.

One academic I have followed over the years is Dr. Andrew W. Lo, the Charles E. and Susan T. Harris Professor at MIT Sloan School of Management. Most of his academic work in the world of finance is not something an average investor would enjoy, let alone comprehend, but for those who want to take on the challenge, I would recommend it. For the rest of us, his book Adaptive Markets is full of stories with purpose and meaning that are easily understood by both professionals and non-professionals.

Though I recommend the book, that does not mean I am in full agreement with his Adaptive Markets Hypothesis. However I do take pleasure in knowing that there is someone of stature who is pushing for change in the status quo. I want to highlight the principles Lo discusses in Chapter 8 of his book. First, I’ll share his “Core Beliefs and Principles of the Traditional Investment Paradigm Spawned by the Efficient Markets Hypothesis.” Lo says “These are the convictions held not just by finance professors, but also by investment managers, brokers, and financial advisers.” I agree that these are guiding rules for most in the investment world, though I hold myself out as an exception.

Core Beliefs and Principles of the Traditional Investment Paradigm

Principle 1: The Risk/Reward Trade-Off. There’s a positive association between risk and reward among all financial investments. Assets with higher reward also have higher risk.

Principle 2: Alpha, Beta, and the CAPM. The expected return of an investment is linearly related to its risk (in other words, plotting risk versus expected return on a graph should show a straight line), and is governed by an economic model known as the Capital Asset Pricing Model, or CAPM.

Principle 3: Portfolio Optimization and Passive Investing. Using statistical estimates derived from Principle 2 and the CAPM, portfolio managers can construct diversified long-only portfolios of financial assets that offer investors attractive risk-adjusted rates of return at low cost.

Principle 4: Asset Allocation. Choosing how much to invest in broad asset classes is more important than picking individual securities, so that asset allocation decision is sufficient for managing risk of an investor’s savings.

Principle 5: Stocks for the Long Run. Investors should hold mostly equities for the long run.

The almost universal acceptance of these principles may actually have the opposite effect: lessening returns over time. Take Principle 4, which emphasizes asset classes over individual securities. This completely removes the investor’s connection of her investment to the very real operating business she owns, or the actual entity she is lending money to. By default, this could encourage speculation based more on fear and greed than on the fundamental relationship between price and value.

Dr. Lo’s Adaptive Market Hypothesis attempts to address behavior. Here is his “adaptive” approach to the above five principles.

The Five Principles of the Traditional Investment Paradigm from the Perspective of Adaptive Markets



Read more...

Banner

Stocks & Equities

Tyler Bolhorn: Two Stocks Meet a Featured Strategy

Share on Facebook Tweet on Twitter

Posted by Tyler Bollhorn - StockScores

on Monday, 22 January 2018 22:28

Screen Shot 2017-09-19 at 2.00.45 PM

perspectives commentary

In this week's issue:

 

  • Stockscores’ Market Minutes Video – Don’t Chase the Wave
  • Stockscores Trader Training – 3 Ways to Improve Your Trading Profits
  • Stock Features of the Week – Abnormal Breaks

Stockscores Free Webinars

 

Stockscores Market Minutes – Don’t Chase the Wave

Most traders react to what has happened rather than think about what is going to happen next. This week's Market Minutes looks at the importance of not chasing the wave when trading, but anticipating it. Plus, my regular weekly market analysis and the trade of the week on NKE.

Click here to watch on the Stockscores Youtube Channel

To get instant updates when I upload a new video, subscribe to the  Stockscores YouTube Channel

Trader Training – 3 Ways to Improve Your Trading Profits

Traders are faced with a lot of information and one of the great challenges is knowing what techniques and skills are most important for trading success. This week, I share with you 3 things that I think every trader must do to maximize their trading profits.



Read more...

Banner

Stocks & Equities

WARNING: Markets Reaching Extreme Leverage

Share on Facebook Tweet on Twitter

Posted by Steve St. Angelo - SRSRocco Report

on Monday, 22 January 2018 06:23

CNN-MONEY-Fear-Greed-Index-768x384

As investors’ bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage.  This is terrible news because a lot of people are going to lose one heck of a lot of money.  According to CNN Money’s Fear & Greed Index, the market is now at the “extreme greed” level and if we go by Yardeni Research on “Investor Intelligence Bull-Bear Ratio,” it’s also at the highest ratio in 30 years.

But, of course… this time is different.  Or is it?  I continue to receive emails and comments on my blog that the Fed will continue to prop up the markets forever.  Unfortunately, there is only so much the Fed can do to rig the markets.  Furthermore, the Fed can’t do much to mitigate investor insanity in record NYSE margin debt or the massive $2 trillion in the global short volatility trade.

The $600 billion in NYSE margin debt suggests traders have racked up a record amount of margin debt (33% more since 2007) and the largest short volatility trade in history.  By shorting volatility, investors are betting that the VIX Index (Volatility Index) will continue to move lower.  A falling volatility index suggests more calm and complacency in the markets.

So, the market will likely continue higher and higher, until it finally POPS.  And when it does, watch out.

I’ve put together some charts showing the extreme amount of leverage in the markets.  While this leverage may increase for a while, at some point the insanity will end in one hell of a market correction-crash.

The Commercial Banks Are Betting On Much Lower Oil Prices



Read more...

Banner

Stocks & Equities

Peter Schiff: Everybody Is Ignoring Very Negative Factors' in Market

Share on Facebook Tweet on Twitter

Posted by Peter Schiff - Euro Pacific Capital

on Friday, 19 January 2018 04:49

Economic guru Peter Schiff warns savvy investors that the current Trump bull-run stock market actually is flashing many obvious danger signals if one would only ignore the dazzle and examine the details.

“The stock market is rising despite the fact that there are very, very negative factors that are building, that are hiding in plain sight, that everybody is ignoring,” 

Schiff cited various danger signals, including rising inflation, as evidenced by the surging price of oil, the tanking dollar, and warning signs in the bond market with reports China plans to quit buying US Treasuries. Bloomberg News recently reported that Chinese officials reviewing the country’s vast foreign exchange holdings have recommended slowing or halting purchases of U.S. Treasury bonds amid a less attractive market for them and rising U.S.-China trade tensions.

....read more of the video synopsis HERE

Screen Shot 2018-01-19 at 4.57.59 AM



Banner

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 4 of 347

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine