Losing $40m over 2 months. My first rookie mistake - too much risk. Gold approaching $400. It would stay there next 3 years but the shares were going to surge. Everything screamed buy. Except they wobbled first. Survivors dig shallow’er graves - selling my beloved stocks.
Gold stocks surging. Fund performance recovers. Explaining the explosive convexity of gold miners. Another hedge fund manager from Glasgow - his family built ships. Nokia a tale of then and now. An unhappy time in Mustique and David Yarrow convinces me to set up my own business. Fund +4.1pc FTSE All Share -9.8pc.
The gold stocks arrive @ Eclectica A very deep gold mine Buying the WORST in case you're proved correct. Plasticine Macro trader. Barry Callebaut. A party overlooking Red Square with Jimmie, Mark & Nassim. Fund +1.8pc FTSE All Share -6.9pc.
What did I do when I discovered Amsterdam commodities?
In my head, the voices are saying, there's gonna be a commodity boom!
But it's incredibly hard to find equity exposure because investment banks just present you more of what worked last time. All we could find were strange creatures like Amsterdam commodities: no website, absolutely zero interest in talking to us…
That’s why they call it a brave new world…