GoldenBar

The report includes charts, tables, earnings updates for the key intermediate and senior gold producers ( as well as for the S&P 500 aggregrate ), COT updates, a subjective outlook matrix for the various markets that are followed, and an ideal asset allocation for the hypothetical investor. Our clients typically include stockbrokers, money managers... and sophisticated individual investors; clients are assumed to have an intermediate (plus) understanding of economics, markets, and chart analysis... novice traders and investors are welcome but may find the content of analysis challenging and counterintuitive, since the letter rebuffs most of what is said by mainstream writers & analysts and the author refuses to "dumb down. That said the author ensures that his arguments are well supported and the support well articulated. Hence novice investors are able to learn quickly. The author is Ed Bugos, a former stockbroker specializing in venture capital & futures trading for private clients. See below for more on his background, and a picture . His investment philosophy is to seek out and invest in undervalued sectors for the primary move ( i.e. the trends typically lasting from 3-5 years ), to diversify ( not overly ) by asset class; but also to highlight special situations, insights, as well as provide a short and intermediate review/outlook on current positions and other key markets, sectors, currencies, and commodities. The term undervalued implies a growth component ( at least in profits even if cyclical - since the outlook is 3-5 years and not 10 plus years for instance ) and the targeted trend implies one with scope; fundamental & economic analysis is applied to ascertain growth, value, and/or scope. The usual approach is both top-down and bottom up; philosophically Mr. Bugos prefers a bottom up approach to analysis but in practice realizes it is too time consuming to rely on solely. His investment strategy inolves entering and exiting positions slowly - by wading in and wading out - buying some too early, some ...Read More