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Gold, Copper and Oil

Friday File look at some happenings with Altius, First Mining and others

By Travis Johnson, Stock Gumshoe, April 15, 2016

Happy Tax Day! (OK, not really — I’m told you get until the 18th because of holidays this year… but still, April 15 holds a special place in our hearts.)

I’m coming to you a bit early with your Friday File this morning, since I’ll be traveling later in the day — our publishing schedule will be unusual for a couple weeks, I’ll be on the road first for fun and then to the Berkshire Hathaway meeting and an investment conference in Omaha, I won’t disappear from your screens entirely but don’t worry if you don’t see a new Gumshoe article from me some days. Hopefully some fantastic ideas and perspective will come my way as I lounge on the beach this weekend, or as I stare longingly into Charlie Munger’s eyes in a couple weeks (and stuff myself with peanut brittle to try to be a little more like Warren Buffett). I’ll be sure to let you know if I get any flashes of wisdom (there has to be a first time, right?)

As for this week… jeez, doesn’t anyone think about anything but gold anymore? Investor sentiment changes so rapidly it can make your head spin, and I’m sure we have Porter Stansberry’s big “Metropolitan Plan” and other “buy gold” newsletter campaigns to thank for a good portion of the “quick, get into gold stocks!” push among individual investors over the last couple weeks…. though even the mainstream financial press is now talking up the viability of gold as an option because of negative interest rates.

On the odd chance that anyone listens too closely to my opinions, I don’t want to give the impression that I think everyone should load up on gold or other commodities to the exclusion of other investments, since the best hedge against whatever you’re worried about over longer periods has almost always been owning stock in big, successful, profitable companies, and that’s certainly where most of my money is… but when fear rises and faith in currencies is faltering, as appears fairly likely with continuing competitive devaluation around the world, there’s some solace in an allocation to “hard” assets and gold.

And in that broad commodities space, I thought it was worthwhile to take a quick look at a few companies who’ve been newsworthy of late — so today I’m taking another gander at Altius Minerals, which did ...

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