“Wise investors won’t try to outsmart the market. They’ll buy index funds for the long term, and they’ll diversify.” That’s what Jack C. Bogle says.  He is the pioneer of low-cost index investing and founder and former CEO of Vanguard which now manages over $3.3 trillion in assets globally. Bloomberg has a new interview with him… Continue Reading

As T. Boone Pickens put it, money is just a way of “keeping score” in life. But watch out: The “winners” are often the biggest losers. We’ve been rich and we’ve been poor. We’ve been desperate enough to need payday loans to get us by then even more desperate when we couldn’t pay them back… Continue Reading

The True Nature of Wealth You’ll recall from yesterday that the first secret to getting rich is that you cannot fear poverty. Otherwise, you can’t take the chances you need to take if you are to accumulate substantial wealth. You’ll also recall that there are only three important decisions in life: what you do… where… Continue Reading

Meanwhile, the Dow was up to a new record on Friday, albeit on a small gain. Gold was unchanged. So, let us begin a short series on “How to Get Rich.” First, you have to learn to love being poor. You may think I’m joking. I’m not. I’m just exaggerating a little. The point is… Continue Reading

Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion).  The deal will see Mercator’s assets get a much needed injection of capital.  Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading

“It doesn’t relieve you from the pressure of trying to get it right right out of the dorm room and they’ll be stories of people that do but its very unlikely that you will and not highly consequential if you don’t get it right right away.”

Carpathian Gold (CPN:TSX) has closed its second tranche of a planned $16 million equity raise led by Cormark and Macquarie.  Surprisingly, the bought deal was fully subscribed to including the underwriter’s purchase of $3.4 million worth of stock which enabled the company to raise a total of over $19.4 million.  This is a good sign… Continue Reading

Dr. Mark O’Dea’s True Gold Mining (TGM:TSXV) continues to drill good heap leach gold intercepts and this morning announced assay results from a recent 9 hole campaign at the Watinoma zone of the Karma gold project in Burkina Faso.  The company twinned a couple previously drilled RC holes and encountered the same widths with improved… Continue Reading

In the world before Brazilian billionaire, Eike Batista fell from grace, CB Gold (CBJ:TSXV) was a market favorite.  Prior to Batista losing the vast majority of his wealth due, in part, to the commodity price decline as well as some unhealthy personal leverage, Colombian gold juniors had a bid.  In February 2011, after a few… Continue Reading

Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced this morning, after being halted late yesterday, that they had discovered a fourth mineralized zone at their Patterson Lake South Discovery.  The fourth zone, R945E, is located 165m grid east of R780E zone and extends the total strike length of the PLS deposit to 1.05km.  Hole PLS13-084 hit… Continue Reading

Pacific Rubiales (PRE:TSX) the Colombian oil producer, headed by Co-Chairman Serafino Iacono, announced its second quarter results which were somewhat mixed.  PRE saw its net earnings diminish from $224 million ($0.76 per share) in Q2/2012 to $58 million ($0.18 per share) in Q2/2013.  The reason for the reduced earnings was foreign exchange losses as well… Continue Reading

Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry.  Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading

With the market the way it is right now, some junior exploration companies are simply not going to survive. Since most of them are in Vancouver, we thought the city’s commercial real estate might offer some insight into which ones will. We spoke with one Downtown Landlord about their experiences with resource companies as tenants.… Continue Reading

CEO Ivan Glasenberg, a superstar trader in the commodities industry, is being catapulted into the media spotlight after his company, Glencore, is to merge with Xstrata. Though the merger stands to make this billionaire an even wealthier one, it may come at a price not measured in dollars. Having made past deals with Apartheid South Africa,… Continue Reading

Bloomberg|GAMECHARNGERS aired a documentary recently of one of my personal hero’s, Ervin ‘Magic’ Johnson. In this 44 minute film we learn from and are inspired by Magic’s successes as a human being both on the court, in dealing with HIV, and in building a business worth over $700 million dollars. In this video we witness the… Continue Reading