While I have scaled back from my former round-the-clock focus on metals and mining—and have tried to honor clients’ requests to concentrate more on broad macro issues and financial-planning topics—I still find myself drawn back in. Like a mob member, once you’re in, you can’t get out.
Now, that pull comes from two places: metals and mining overall, and Northisle Copper & Gold in particular.
Although I urge others to prioritize capital preservation over capital appreciation, the Riverboat Gambler/Speculator in me remains hard to suppress. Metals and mining were the source of much of my wealth, and with the sector becoming attractive again, I simply cannot ignore it. I have explained this on my X page and, God willing, will continue to do so.
If the sector weakens further, I plan to build another portfolio. This time, however, I will not discuss it publicly, though clients of the planning group may inquire. Still, I owe my many followers this alert: I believe it may once again be time to return meaningfully to metals and mining shares.
After twice making triple-digit gains in uranium-related stocks, my view that they had become overvalued has proven correct. They are now approaching levels where owning them again may soon become attractive. I will also address that on my X page.
Finally, my career and personal life are heavily tied to NorthIsle Copper & Gold, which I, along with many clients, friends, and followers, own in significant amounts. If it fails to meet expectations, whatever remains of my business career will be badly damaged. Personally, wealth I once only dreamed of could come and go, leaving a bitter taste for the rest of my natural life.
But Riverboat Pete got here by rolling the dice, and the way I came in is the way I intend to go out.
For weeks, I have said that, in my admittedly biased view, shares under C$3 were a must-own. I have gone far beyond any typical position size and added hundreds of thousands of shares in recent days, including on Friday.
I have explained why, and I have never felt more optimistic, even though I have personally exceeded any sensible high-risk portfolio allocation strategy.
If I am right, the news expected any day now could move the company into an even higher gear than it has already reached.
But if it fails to do so—or worse, moves backward—this is where you can find me:
