Commodities and Resource

Could This Be the Next Saddle Reef Discovery?16 min read

Comments (10)
  1. L. Jed says:

    Market going lower: Fund managers hitting their stops, retail stock traders don’t know what they are doing. Pension fund managers haven’t a clue, Third World War in progress using oil as the weapon of mass destruction, key note investors manipulating the market influence, and the suckers keep buying stocks on the way down.

  2. Brian Dahl says:

    A very compelling letter on the trouble times that coming. I am very glad that I am in a food business for farm direct selling, and would like to expand this sometime thru crowed funding or ipo, but honestly don’t know how to do it.
    I am going to take your insight and buy a couple k worth of their stock, (my first stock ever).
    Can you recommend a broker service to use ??
    Thank you for all you do to try and help.
    Brian

  3. Con says:

    What about the outstanding Crocadile Gold Warrents due Mar 16 as a way to play Newmarket ? ( 1.22 Croc Gold shares to 1 Newmarket )

  4. RedDog says:

    S&P500 is at a very dangerous inflection point around 1865 or the August low’s. Next level of support is around 1750 another 6% or Jan low’s then 1655 or another 5% or Oct 2014 low’s.

    S&P is finally starting to bend after holding up all other markets for years and appears to be running out of steam here as we test support levels. This is the 3rd time we are testing this 1865 area and time will tell if this is just another pullback.

    If it falls further to the 2nd level of support or 1750, then we have a technical breakdown and perhaps a true game changer because for the S&P it will be the 1st time since 2009 that the market makes a lower low than the previous year and that is a confirmation that your intermediate term is bearish.

    I suspect the catalyst for this to play out will be lower oil prices, followed by a wave of bankruptcies and a crashing junk bond market. If there is increased tensions in the Middle East or a civil war before then, all bets are off. Buy Gold and oil.

  5. austin says:

    Is it as you write the only junior you own?
    What of integra gold?

    1. Ivan Lo says:

      Hi Austin, Newmarket is the only junior gold “producer” that I own at the moment. I still own Integra (development/exploration stage) and believe in its future.

  6. Terry says:

    I thought Timmins Gold was such a great deal too. What’s the thoughts on it now?

    1. Ivan Lo says:

      Hi Terry and thanks for your question. We covered Timmins Gold nearly four years ago – at the time, they climbed from under $2 to nearly $4. After the first year, we no longer covered them and had sold our position (just over a year after our coverage). I generally would not hold any producers for more than 1-2 years, unless their production profile continues to climb and costs remain low. Hope this helps.

    2. Jonathan says:

      Who holds stocks for that long anyways? If you are going to hold for 5 years, you might as well buy a government bond. Nothing goes up forever. Even the world’s biggest companies, just like the ones mentioned in this post. Freeport McMoran down over 90% in two years. America’s biggest mining company.

      I remember Timmins, bought it around $2 bucks, sold for above $3 because of this newsletter. My advice to other readers is to read the dates of the letters. If it says 2012, and you just read the report now, do some due diligence, lots can change in 4 years!

      If you are up 100%, take your profits, get out, and ride the rest if you wish, but if you get 100% and dont take profits, you’re not a very smart investor.

  7. Harry Wilmott says:

    You are bang on the money my man, one of the biggest deposit in the World will be before us shortly. I am bias I have owned share for 5 yrs in the Crocodile gold country. What a amazing story to tell your kids and leave them some wealth.

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