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Strategies & Market Trends : Value Investing

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Lazarus

To: Lazarus who wrote (61145)	8/1/2018 4:25:36 PM
From: E_K_S	2 Recommendations Read Replies (3) of 78748

Ichor Holdings, Ltd. (ICHR) - closed out position @ $21.58/share booked a 7.5% gain Barrick Gold Corporation (ABX) @ $10.93/share (put ICHR proceeds into ABX) CatchMark Timber Trust, Inc. (CTT) - added to position at $12.28/share (pays a 4.5% dividend) I decided not to hold out for the GN fair value price of $25.00/share for ICHR. I left about 13% on the table. I do think earnings will meet/exceed analyst expectations but am concerned w/ the possiblility of China tariffs on their product/service of equipment in China. Not worth holding through earnings and having the company warn about this possibility. --------------------------------------- Could Gold have a fair value of $21K/ounce? Maybe according to this Youtube analysis where this author argues that position. You take the stated U.S. Gold reserves and calculate what gold is worth when you leverage that by 26% to see what the price must be to pay off the current U.S. debt. Here is the link for the U.S. Debt Clock.org U.S. Debt $21,298,574,785,699 (and running) A Reset Like in 1934 and 1980 Would Mean $21'000 Gold. (his calulation begin at 2:51 time in video) I started a position in Barrick Gold Corporation (ABX) @ $10.93/share. If a reset is ever done or you believe this valuation premise for Gold (ie $21K/oz), ABX shares should trade north of $150.00/share. I had sold off most all of my small gold miners a few years ago but own BHP and FCX (not pure gold plays). I decided to pick a U.S. gold miner (ABX & NEM) that own operate some of the largest mines in the world and these are located in Nevada (so w/i the U.S.). I see this as more of a portfolio insurance policy on the $U.S.. FWIW, also added to my REIT Timber stock CTT (4.5% dividend) another hard asset play for the IRA/ROTH account. Good Investing EKS

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