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SPECIAL PODCAST: Amir Adnani of Gold Mining, Inc.

97

It's FOMC day and while we wait for CGP, his fedlines and his press conference, here's some audio to help you pass the time.

I've known of Amir Adnani and his company for years but I've never had the chance to visit with him before. I know that both Marin Katusa and Rick Rule speak highly of him so, when I was offered this podcast earlier this week, it seemed like perfect content for a day like today.

Amir is the founder and chairman of a company called Gold Mining Inc., though you may recall that at one time it was called Brazil Resources. Either way and like so many others, the company made it through the rough patch of 2017-2019 and has emerged on the other side stronger than ever with over 25,000,000 possible ounces and no debt. The chart looks pretty good, too.

More information on Gold Mining, Inc. can be found through these two links. As always, I strongly encourage you to conduct all of your own due diligence before considering the addition of shares which trade in Toronto under the symbol "GOLD" and in the US with "GLDLF".

But don't forget that it's FOMC day. So in this podcast, Amir and I also discuss central bank policy, the ongoing destruction of fiat currency and the likelihood that this bull market in the precious metals is just barely getting started.

Thanks for listening,

TF

  97 Comments

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landplannerlandplanner
Jun 10, 2020 - 3:40pm

best FUBM

in years!

The spread in the account over a 1hr 30 minute timeframe is astonishing. It tells me everyone knows and the smart ones are shifting investment preference quickly and quietly.

bently
Jun 10, 2020 - 3:39pm

It would be hard to imagine a Fed Chairman

making more bullish declarations for gold and silver.

He's going to support -- print -- as much as necessary to revive the economy.

He openly urges Congress to up the ante.

He's not worried about inflation.

He said nothing about preserving the strength of the dollar.

He'll be proven wrong sooner than hen knows, but until then, Katy bar the door!

dryam
Jun 10, 2020 - 3:28pm

“Markets”

....."We want markets to price in risks"

FU

RickshawETFbillhilly
Jun 10, 2020 - 3:27pm

@billhilly

Well, I really screwed that one up! Thanks for catching . . .

I meant Kinross Gold (KGC). I trade KL, KGC, and GDX heavily (multiple expirations and strike prices), and got this one totally messed up . . .

KGC is currently selling for $6.58 and the Aug $8 Calls had a last trade at $0.28, although the bid/offer is currently at$0.30/0.33

Ben Stackin
Jun 10, 2020 - 3:11pm

5 times now Powell refers to the May unemployment report

Figures don't lie but liars sure can figure.

Oh wait. BLS figures do lie.

Never mind.

Would somebody on the call grow a pair and ask him about the 5.9 million LIE in the May jobs report?

billhilly
Jun 10, 2020 - 3:05pm

Rickshaw...

...GDX "$8" calls ???? 0.28 c ????

edit; I just found the $48 dollar calls @ 0.28c

RickshawETFuni59
Jun 10, 2020 - 3:03pm

@uni59

I trade through a Schwab self-directed rollover IRA, and an eTrade self-directed Roth IRA. Both accounts have option privileges . . .

I use the Roth IRA for any highly-leveraged trades, since I don't have to worry about short term vs long term, and if they really take off, I can cash out profits without tax consequences (at least for now . . .)

Angry Chef
Jun 10, 2020 - 3:03pm
ReachWest
Jun 10, 2020 - 2:57pm

I miss Mother

Sooo .. this guy is boring. I think he only owns one color of tie.

I suppose no one will ask the Q about YCC. Shouldn't be surprised.

Hilltopper
Jun 10, 2020 - 2:56pm

Powell

Businesses have to fail from time to time and it's healthy. JUST NOT OUR BANKING BROS>

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