Two of the Smartest Guys in Investing Told Me Something Important

I recently attended the San Francisco Hard Assets show where I had the pleasure of meeting up with dozens of people I hadn't seen in years.  You see, I founded and use to run Canada's largest financial website (Stockhouse.com) from 1994 until 2002 when I sold the company and, after that, I left Canada and for all intents and purposes, never went back.  Why would I, I thought?  The world is a big place and life is short, so I wanted to get out and see as much as I could.

The San Francisco mining show was one of my first times back in "public life" amongst many of the brokers, analysts and mining companies, many of whom used to be advertising clients of my website.

It was nice to see everyone again.  It was also nice to see my partner here at TDV, Ed Bugos.  While we have been "internet friends" after meeting in a private discussion board regarding Austrian Economics a few years ago we only actually met in person about 8 months ago... and just for about an hour, at that.

And so, I really enjoyed being able to spend some time directly with Ed.  For those that are unaware, he has one of the most impressive track records of any mining analyst over the last decade.  You can see a detailed accounting of all his calls over the last 10 years on the "What is TDV" page.

By far the most impressive thing about Ed's track record is that he stopped recommending to buy gold mining stocks in 2006 and 2007 and recommended selling in 2007, just before the crash that saw many mining stocks fall 70-95% in a matter of weeks!

The biggest problem with many analysts is that they always seem to know when to buy but never seem to know when to sell.  As you can see from this chart of Ed's track record, he knew almost exactly when to sell... and he began buying right after the crash as well!

And so it was with great interest that Ed introduced me to a very wealthy private investor who had, numerous times in the past, paid Ed out of his own pocket to fly halfway around the world (South Africa in one instance) just to check out a mining company he was considering investing in.

I don't want to give many details on who the private investor is, for his own privacy, but he ran one of the US's largest stock exchanges for much of the last 20 years!

In the course of conversation I brought up Ed's track record and proudly stated that I knew of no other mining analyst who had been recommending buying gold mining stocks from 2000-2006, who quit putting out buy recommendations in 2006 and put out sells in 2007 before the crash and who has been recommending stocks since the crash until now.

That was when Ed corrected me, he said he knew of one other person who had done the same thing.  I was very curious to know who it was... he pointed at the wealthy private investor.  This man had apparently also timed this market to near perfection.

And this is when two of the smartest guys in investing told me something important!

I asked them both this question, "Given that you both were able to see the crash coming in 2007 AND knew that it would take gold stocks down (even though they should have gone up because the crash was due to a belief that the financial system was coming to an end), is there anything in the markets today that gives you the same premonition?"

Ed answered first, "No, I don't see very many signs that any sort of crash of that magnitude is anywhere near."

I then turned to the wealthy private investor.  He looked at me slyly and stated, "Not a damn thing.  You stay on this bull and you don't let go now."

So, there you have it, from the only 2 people I know who have called this bull market correctly since the beginning, they believe that you need to be in this market now and not to sell, even if there are some hair-raising dips.

We are just putting together our December issue of TDV coming out to Subscriber's tomorrow and even as we go to press, one of Ed's picks was up substantially today.  This silver stock which Ed Bugos recommended to TDV Premium Subscribers on August 15th was up $0.78 to $5.68 today for a nice 15.92% gain.  It is up 62.7% since the original recommendation as you can see from the chart below.

Subscribe today to get access to not only one of the best analysts in the mining sector but also keep up to date on all the news, research and analysis for the coming US dollar collapse and how to not only survive but prosper through it.

Jeff Berwick

Chief Editor

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