Two Oaks Investment Fund

[Two Oaks Investment Fund @TwoAceFoldEm]

@bvenus @MrPitbull07 Thanks for sharing.

[Two Oaks Investment Fund @TwoAceFoldEm]

@end3of6days9 She's probably a narcissist.

[Two Oaks Investment Fund @TwoAceFoldEm]

@gothburz This is what happens to whistleblowers...

[Two Oaks Investment Fund @TwoAceFoldEm]

@JDB_trading Overigens voorzag ik de forse stijging al meer dan vijf jaar geleden. Inmiddels bijna alle silver miner exposure gefaseerd verkocht na de extreme stijgingen. Als er nog meer in het vat zit laat ik het graag aan een ander. Genoeg betere risk/reward mogelijkheden elders.

[Two Oaks Investment Fund @TwoAceFoldEm]

@JDB_trading De kans dat de huidige stijging door blijft gaan of stand kan houden is zeer klein, ook fundamenteel gezien. De aanbod kant is vrij in elastisch maar er is zilver genoeg. Veel producenten konden met low grade ore geen geld verdienen bij 20-30 dollar zilver. Nu wel.

[Two Oaks Investment Fund @TwoAceFoldEm]

@JDB_trading Dus elke silver miner gaat nu zoveel mogelijk produceren door de eerder niet winstgevende delen te benutten. Het duurt even tot de het terugziet in het aanbod, maar het gaat zeker gebeuren. Vergelijkbaar met de spike in lithium. Dat zag je ook van ver aankomen, -80% van de top.

[Two Oaks Investment Fund @TwoAceFoldEm]

@FeelYouHappy Nice! Never give up!

[Two Oaks Investment Fund @TwoAceFoldEm]

@HiddenMonopoly Sometimes even decades.

[Two Oaks Investment Fund @TwoAceFoldEm]

@boysbelnboys Nice!

[Two Oaks Investment Fund @TwoAceFoldEm]

@Jesii_ca_M I don't have a small house 😂.

[Two Oaks Investment Fund @TwoAceFoldEm]

@rumilyrics Passion

[Two Oaks Investment Fund @TwoAceFoldEm]

@hendry_hugh I don't think the argument makes much sense. It's so much more than the relative size of the asset class that determines the trajectory. And all "steps" of that inverted period (except Bitcoin) have been in different spots through time. Cashflows & risk are leading long term.

[Two Oaks Investment Fund @TwoAceFoldEm]

@n0consensus @hendry_hugh The point is, it's not going to trade below cost of production. It will move within a range of production costs plus spread (margin) and that's what you use to decide when you'll take a seat at that table.

[Two Oaks Investment Fund @TwoAceFoldEm]

@n0consensus @hendry_hugh ... It's up there with the outliers. But it could go on for quite some time due to everything that's now going on in the world. You want to be in when that margin is near historical lows. I re- entered the sector about six years ago. Like Hugh says, look around the corner.

[Two Oaks Investment Fund @TwoAceFoldEm]

@n0consensus @hendry_hugh .. of the cost curve start going out of business. It's a "pig cycle" much like various other commodities. But it's getting longer and when the speculative demand comes in it overshoots. I haven't even looked at current margin (gold price-AISC/gold price) but I am pretty sure...

[Two Oaks Investment Fund @TwoAceFoldEm]

@n0consensus @hendry_hugh Just have a look at a long term industry AISC cost for gold and plot the gold price over it. Spot the outliers. Supply from production isn't very elastic. It takes very long to get a new mine into production. Basically when the spread gets to narrow, companies on the wrong end..

[Two Oaks Investment Fund @TwoAceFoldEm]

@hendry_hugh You can also go for convertibles which you can simply screen for in Bloomberg. There were good opportunities a couple years back. Limited downside (depending on security) and great upside if the cycle turns up. With margins expanded now is probably not the time.

[Two Oaks Investment Fund @TwoAceFoldEm]

@hendry_hugh But you could do well with a decent hand picked basket. Relatively safe jurisdictions, costs in the lower quarter of the cost-curve, long life of mine and get ten to twenty of these and buy before gold rallies. You can massively outperform with much less volatility than indices.