Bob Moriarty calculates the more-than-tenbagger value proposition of a small energy company operating in the Orogrande and Midland Basins in Texas.
When I wrote Nobody Knows Anything, I was trying to show ordinary investors that they don’t need to rely on “experts” or “gurus” if they just use the common sense and knowledge that they already have or have available at their fingertips. The book seems to have struck a cord and went rapidly to #1 on Amazon in its category.
A couple of the no-brainer trades that I talked about in the book and later on my website have done well indeed, such as the silver/gold spread, where you buy silver and sell gold at a certain ratio, and the platinum/gold spread, where you buy platinum and sell an equal amount of gold. The silver/gold ratio was 84-1 when the book came out and now it’s 68.5-1. Gold had a premium of $331 over platinum two weeks ago, now it’s at a premium of $289 over platinum. Both silver and platinum are still very cheap to the price of gold.
I am neither an expert nor a guru. I have opinions about a lot of things because I operate both an energy website, 321energy.com, and a resource website, 321gold.com. I have to read over 100 articles every day. If you read the same, you would know pretty much what I do, but neither of us would qualify for guru-hood.
I do follow my advertisers closely. One of them just came out with a press release that I can only call “barn burning.” Torchlight Energy Resources Inc. (TRCH:NASDAQ) put out comparison numbers between a well it just drilled in the Orogrande Basin near El Paso with similar wells in the known Midland Basin. The press …read more