ClearValue Investing
patreon
Everything Taking a Turn for The Worse
🕑 Added 2025-11-20 17:56:22 +0000 UTCIt looks like everything is taking a turn for the worse. This includes bitcoin, stocks, precious metals.
At this moment, I'm taking no action (not buying or selling), just staying put.
For our underlying gold (GLD) and silver (SLV) positions, it's just a long term hold in the early stages of a bull cycle.
For our First Majestic (AG) position, we took measures to hedge a downswing with writing covered calls (on our assigned shares). I may buy to close the position early if the call options we sold fall to close to $0.05.
For our B2Gold (BTG) position, it's a long-term hold. If adding to your position, I would only do so little by little (even at these prices because you never know how illogical the market can be).
Whatever you do with whatever positions, please DO NOT OVERLEVERAGE with margin debt. We don't know how long or how deep this downswing will be.
Eventually, probably not too far from now, the Fed will continue cutting interest rates and begin quantitative easing. If they don't cut in December, then they'll most likely cut in January. However, December is still on the table.
Regarding BTG, I believe the price is falling for unjustified reasons.
If you haven't seen these items regarding BTG, I want to share them with you:
1. Q3 2025 results were actually great. The company reported adjusted profit of ~$180 million. Annualized, that's a $720 million profit (not bad for a company valued at $5 billion). And keep in mind that they are meaningfully ramping up production volume (so I expect profits to increase). If the price of gold increases in 2026, then profits would go up even more.
2. France has been spreading a lot of extreme propaganda in the press about Al-Qaeda "taking over" the country of Mali. This affects BTG because one of their mines (Fekola) is in Mali. The government of France has launched a massive propaganda campaign against Mali, trying to destabilize the country in an attempt to regain influence in Mali. France recalled their diplomats, encouraged other Western countries to do the same, they even tried to persuade shipping companies to stop exporting products to Mali (which failed) because of the imminent "terrorist takeover". I wouldn't be surprised if France was supporting or funding Al-Qaeda in Mali. The French are upset they lost their grip and influence on Mali (once a French colony) because this no longer allows France to exploit Mali's resources. Things spiraled out of control when Mali claimed that a French diplomat in Mali was a French spy: https://www.rfi.fr/en/africa/20250919-france-suspends-counterterrorism-cooperation-with-mali-after-diplomat-s-arrest
There is no "blockade" in Bamako. There never was. Just a few days ago, Mali and Russian forces attacked two Al-Qaeda hideouts, which left about 40 terrorists dead and JNIM went back into hiding. However, French media is still claiming that Al-Qaeda still has a blockade and are choking Bamako (which is a complete lie). Just look at live feeds from Bamako, the French government acts like the internet doesn't exist.
3. The Goose mine in Canada reached commercial production on October 2nd. It was actually a big deal, which you can see here: https://youtu.be/IbCMq9Zy6uA?si=b3W2H6CVbDjwQbrY
4. Here's a really good interview with the CEO of B2Gold, it's a little dated, about 2 months old. But he touches upon a lot of good topics regarding the progress of the company: https://youtu.be/H-QinjfpbbE?si=QQjrX5PhN0xq2ZY2
I feel comfortable about B2Gold during this pummeling because every day that gold is $4,000/oz is another day of BTG raking in the revenue. They're profitable, growing, pay a dividend, and they have a share buy-back program (which I hope they capitalize on with share prices at these levels). When this thing goes up, I think it'll shoot up.
Comments
Regy John
Hello Brian. Is GLD still a good buy?
Jeffrey Ragusa
Stacking cash. Holding everything
