Responses to Many Questions (Revised Edition, Read this one. Grammar is better)
posted on
Sep 24, 2009 06:32PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Sometimes my time gets so short that I don't know if I will have time to come back and check these things, but today I did and corrected the spelling and some grammatical errors. Also added a few things. Enjoy, Bull
C#, Great! It's about time we had some lively discussion here. First of all, I've never said that I am Nostradamus. I try to give you all some info as I get info. I am trying to help you guys out. Why? Because people have taken time to help me out when they didn't need to, so I am grateful. Most of the readers of this board are not moving 200,000 shares a day. Most of the readers of this board have done their own research, made a decision, invested in it and now are waiting to see the result. And because you are all here, I am trying to support you the best I can. As far as "timing" goes, I am trying to apply Richard Russell's wisdom here i.e. "Don't miss the big move." I don't want you Puzzleman or you Hysteria or you C# or any of you to miss the big move. I don't want you to be trading in and out of this thing when it goes, because if it goes, it really goes.
Hysteria made a good point in his last message. There are two possibilities: Either we are right and the market is wrong or we are wrong and the market is right. I can tell you with certainty, the market is definitely mis-pricing these assets at this time and for these fundamentals. So basically I am saying that we are right and just about everyone else out there is wrong. This is a formula for making a lot of money. It's how I made a lot of money on Pixar and how I made a lot of money on Apple when I bought it at $7 (before the ipod). That wasn't a gamble. It was pretty close to a sure thing. Of course I had met Steve Jobs and knew something great was going to happen. I didn't know exactly what was going to happen, but I knew something was. I saw it in his eyes. It's very easy to load up on Apple when you see something like that. I had to wait a few years for it to happen, but it happened. I am more certain about the price of gold than I ever was about Apple or Pixar or Intel. That Gold will rise is a certainty. It is a mathematical certainty. Kimber should rise with it.
Minefinders, Agnico-Eagle, GG, Kimber. They are all connected. Kimber will follow. We are in a depression. There will be no revolution in Mexico.
What we need to do is sit and wait. In the words of the great Osteopathic Physician Jim Jealous, "Don't just do something, sit there!" C#, I love you man. I understand that you are mad. I'm mad too. But I have looked into the eyes of Keith Barron and he has assured me that Kimber is for real. Keith Barron is worth $100,000,000. Did you know that? And he's a really nice guy, and he made all his money finding gold. There is no reason for him to try and fool me or anyone else. Keith Barron loves geology and he loves mining and he loves great discoveries, and he knows Kimber has the goods. Now, could he be wrong? Sure. Could Puplava and Eric King and Gordon Cummings all be wrong? Sure, but where in the world are you going to intelligently put your money? I agree, Peter Schiff sounds like a broken record, but he's also right on about a lot of things. Only God knows when the end will come, when any end will come. What else are you going to buy now? I ask again. Where else will you go?
I am no master or prophet, but when the Master asked, “Will you too go away?” remember Peter’s response? “Where will we go? That’s my question to you. “Where will you go where gold and silver will not be?” That’s not gold and silver as money. That’s gold and silver as God’s way of demonstrating His abhorrence of unbalanced scales. Gold and silver are not here to make you rich. They are here to set things back in order that man, through his arrogance, has knocked out of order. Do you not understand that it is the prerogative of God to let one man build up great wealth, so that He may take it away and give it to whomever he chooses. Set you thinking in order, so that you may understand without fear what is about to happen. Buy some physical gold and silver to protect yourself, but if you want to buy something that gives you potential for real upside, you've got to have something like Kimber.
This economy is in a mess, the U.S. economy, that is. Nowhere is safe. What are you going to do, buy real estate, buy Banks, buy tech? Why don't you just buy a Bible instead and read the first five books of Isaiah. Read Ecclesiastes. I'm serious. Order Robert Prechter's video, History's Hidden Engine. Read Jim Quinn's article, Boomers Your Crisis Has Arrived. Listen to Part Two of Eric King's recent Interviews with James Dines on http://www.kingworldnews.com. Read Greenspan's Bubbles by Bill Fleckenstein. Listen to Jim Sinclair on Goldseekradio and skim The Fourth Turning. (Who can make it all the way through that tome without going insane?) Something is definitely amiss here in these United States. Something is very close to breaking.
Listen! I'm just as upset as you all are that Kimber hasn't gone anywhere yet. I own 450,000 shares of Kimber stock and have staked quite a bit on the outcome. But if I lose, I lose. There is no other place for me to go. If you can think of a better option, I'm all ears. Kimber isn't supposed to make me a 10% annual return. Kimber is the home run. And the home run is a lot more fun and valuable when it comes in the bottom of the 9th rather than in the 5th. Give it time, my friends.
I will let any of you know if anything I know changes. My information is imperfect, because I am imperfect, but my information is better than 99.9999999% of the people on the planet right now in relation to Kimber Resources.
If I hear anything that makes me think the stock could jump. I will let you know. In the meantime, just ask yourself this simple question, especially if you are a goldbug. How can a company that has all that gold in the ground in a place where several very large companies are already mining not eventually go up? What can stop it?
C#, one last thing. Just hang in there. If we lose, we all lose, but if we win, we all really win. Think of Joseph in the dungeon and how depressing his prospects must have seemed, never suspecting that within a few years he would be ruler over all of Egypt.
Also for you Puzzleman... This is a thinly traded stock. The person who is trading those big blocks in and out does have a plan, I am sure. The plan is always the same... Scare people out so that you can buy the shares back cheaper. Someone with $100,000 to fart around with can play this game. Buy 25,000, buy 25,000, buy 25,000, buy 25,000, then sell 100,000 and shake people out. He'll keep doing it until the game doesn't work anymore. In a thinly traded stock, a small fry can make a thousand bucks every two weeks or so. That adds up at the expense of those who get scared out. A thousand bucks doesn't seem like a big deal, but do that with a few different stocks a few times a month and pretty soon you've got 4 or 5 thousand dollars income a month. He'll miss the big move, most likely, but he doesn't care. He's not a big picture guy, he's just trying to pay the bills and impress his friends.
There are people above me who don't know who is doing the trading in and out. And if those people don't know, pretty much nobody but God knows. Just be patient, all of you. This past year has been a tough one for me and all my investors. When you guys hurt, I hurt with you. Just hang in there. Bull
p.s. I'd advise all of you to read Mike Maloney's book, Rich Dad's Advisor's Series, Guide to Investing in Gold and Silver. I know that sounds like a dumb title, but it is a fantastic book, and one that explains a variety of terms involving gold, silver, fiat money and what is happening is very simple terms. Once again, I wish you all well.
pps. "Isn't that an iceburg up ahead?"
"Don't be an idiot. No iceburg could be that big."