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Decades of Wealth Destruction

Decades of Wealth Destruction

Dear Members, For the last ten years the largest gold producers in the XAU have destroyed shareholder value! They have: Increased aggregate net debt from $1B to $41B Increased common shares outstanding by over 100% by carpet bombing investors with paper (2.07x) Yet...
The November Barometer

The November Barometer

Much lore surrounds the Wall Street hypothesis of the “January Barometer,” the financial equivalent of Groundhogs Day in which the performance of the opening month sets the tone for the rest of the year; hence the saying, “As goes January, so goes...