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More from @BambroughKevin

Kevin Bambrough

@BambroughKevin

Dec 14

$pdn looks good for a bounce. But, I'm sharing this long term 'price' action chart in part as a warning because these charts are so misleading. "The look how cheap junior resource companies are" is constantly being touted by bulls and demonstrated with historical share price charts. Fact is, so many companies are pure garbagio. Paladin on the other hand was an unbelievable performer last cycle. Still don't be fooled...

Now look at this chart... I bought the hell out of $pdn back in late spring of 2020. To get my 13+ mln shares I had to buy the majority of the daily volume for a couple weeks. At the time, I believe I was the bulk of the reason the stock broke out from decade long death spiral. I ended up taking profits around the pre split $1 or $10 level post split around November of 2021. Why? I'll explain. Note the market cap blew out over $2bln
at that time

I had loaded up on it because I was bullish on Uranium post covid mine shutdowns vs nuclear plants continued operation. I saw the end of the bear market coming due to electricity demand exploding. EV's AI etc.

But the run it had...wow. Was fast and furious. But, I also invested in $pdn when at Sprott back in 2003. right as it started taking off from around the same price I bought back in 2020. 8c a share. The first go round for me, I had to buy in the market for a week and again I took the stock from 8 to I think 12-13 cents. Then was able to convince John B. to sell us 10% of the company plus a warrants so we ended up at 19.9% our fund prospectus limit. We then road Johns coat takes for a 100x+ win as the stock went bonkers along with the uranium price

Read 14 tweets

Kevin Bambrough

@BambroughKevin

Dec 12

Inspired by @SahilBloom's excellent thread on wealth building, I wanted to share some additional perspectives from my personal experience - particularly on the role of energy management and authentic value creation. We mostly agree but I can't help bring my contrarian approach to these subjects with the hope of adding to the conversation.🧵

1/20 The uncomfortable truths about wealth building nobody talks about, and how to actually succeed in the long run. Time for some real talk.

2/20 Hard truth: Many get rich without creating value. The mining sector shows this - "professionals" who've spent careers destroying capital. Boot-licking and nepotism are real. Ignoring these realities only breeds frustration.

Read 21 tweets

Kevin Bambrough

@BambroughKevin

Jul 28

Thread on #AI #bubble and my thoughts on how things will play out and the parallels to other bubbles like #y2k / dotcom / #internet bubble.

Back in the late 90’s I was working in tech with my main focus on upgrading firms to Microsoft desktops and servers Helping them go fully digital and for some it was the first time they got email address and websites. It was the exciting dawn of the Internet age. I learned a lot and eventually what I learned caused me to flip careers and go into investing/trading and I never looked back.

From the very early on it was crystal clear that the Internet was going to explode in popularity and everyone would be using it for business and personal needs. It was a massive wave to ride and leading up to y2k it was a crazy gravy train for anyone working in the field

All tech stocks at that time exploded higher and higher creating the historic bubble we now look back on and everyone gets what happened in hindsight but some actually saw it forming and correctly invested in it going up and shorted it going down. The question is what did those people see that others didn’t at the time ?

Read 19 tweets

Kevin Bambrough

@BambroughKevin

Jun 8

Ya know what is pretty funny… some people actual think they can trust what governments say.

As if #China is gonna announce that they are working towards selling all their USD bonds and tbills cause they finally realize the USA economy is a debt financed Ponzi scheme and the Federal reserve is 100% destined to print trillions upon trillions of dollars over the coming years!

As if we should expect foreign holders of USD reserves to announce that they are going to be seeking to exit foreign currency holdings while avoiding trade imbalances and settling up and imbalances with precious metal reserves.

But the signs are all there…. The trend is there

But most importantly if you use your brain and analyze the situation the path forward becomes clear.

Theirs been a 99% loss in purchasing power of the USD over the past 100 years and we should if anything expect the next 100 years to be worse. Why? Because the gold reserves have been encumbered and the silver reserves mostly sold off. Likely all reserves have been lent out and sold into the market. ‘Deep storage’, SDR’s, promises to foreign govs that their gold is available. The preponderance of evidence is that these governments all lie, obfuscate and cheat.

Read 25 tweets

Kevin Bambrough

@BambroughKevin

May 30

In the mid 2000’s I went to Bejing and met with the then head of CITIC Bank.

I questioned why they thought it was a good idea to be producing so many goods, and then load them on boats and send them to the USA in exchange for money that was being created out of thin air?

After lengthy exchanges on the subject along with some laughs it became clear to me that there was a few reasons for the accumulation.

1. USD was the global reserve currency and they had a goal of owning more US treasuries than Japan in part for the message it would send to the rest of the world, also to just have more than Japan for their collective egos but also to be able to have influence over the USA. (I saw this is the power from having the ability to threaten to dump the treasuries and mess with the Dollar and the USA economy, clearly a position of power)

2. They also made it clear that for the time being it served there purpose and it cleared did from a strategic point of view as some people (self included saw the long game). Nearly every single business was opening manufacturing facilities and the transfer of knowledge and economies of scale was modernizing China at an extremely rapid rate. And as many predicted China became excellent at copying but also has evolved to innovate well. Just like Japan and Korea did.

Even back then they were ramping up there domestic car industry with knock offs.

Now they are able to make phones better than Apple. They are no longer dependent at all. But Apple and others are dependent on them.

Read 16 tweets

Kevin Bambrough

@BambroughKevin

May 21

#silver and #gold are running because the entire world knows that the USA is not going to get its deficit spending under control and even Yellen is now saying clearly that higher interest rates make it more difficult to pay down the debt. The goverment needs interest rates lowered and money debts monitized

They’ve been acknowledging this for sometime. Here’s what she said last October…

The Treasury on Friday reported a $1.7 trillion federal budget deficit for fiscal 2023, the largest outside the COVID-19 pandemic years as revenues fell and outlays for Social Security, Medicare and interest costs rose sharply.
Yellen said that the U.S. debt servicing burden would be a "bigger challenge if the interest rate path stays higher."

Fact is interest payments on the debt are becoming the nations largest expense.

As the economy slows (which it is) the deficit will explode. $2t plus. When we get a real hard recession (which we will) it will explode to $4t plus.

Even just to stay the course $1.7T of freshly printed money is hot money that is going to keep driving commodity inflation

Read 4 tweets

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