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Bill Powers and co-host Brian Leni get together for their monthly Junior Mining Insights talk. Silver has come back from about $115 to around $50, and the gold price has recently been trading below $4,000. The Fed and the Bank of Canada have both raised rates. Bill and Brian talk about why moments like this reward contrarian investors, how to stay disciplined on both the buy side and the sell side, and what Brian saw on his recent site visit to Element29 Resources’ Elida copper project in Peru. Bill and Brian also talk about lessons from an investor that turned $20k into $3M in a matter of weeks in 2020 contrasted with another speculator who turned a realized 20-bagger into zero. Listen and enjoy!
00:00 Intro 00:17 Silver Cycle Reset 02:45 Tax Loss Selling 04:19 Staying Confident 08:20 Selling Discipline 12:38 Timing the Next Leg 14:42 $20k to $3M 19:54 20-bagger to Zero 21:16 Overallocation Lessons 23:19 Financing Quality Signals 25:46 Who You Raise From 33:23 E29 Peru Site Tour 41:28 Peru Politics Risk 49:07 Ross Beaty’s jurisdictional long-term mindset
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Bill and Brian are not licensed financial advisors. Sponsor Element 29 Resources pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found Element 29’s most-recent company slide deck found at https://www.e29copper.com/ applies to everything mentioned in this episode. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/
