Tales of a Commodity Superstarhttp://www.fool.com/investing/general/2009/07/21/tales-of-a-commodity-superstar.aspx Christopher Barker
July 21, 2009
Welcome to my dark little corner of the investment world. Miles away from conventional wisdom, and concealed from view beneath hovering forests of hopeful green shoots, a CAPS member by the name of silverminer hikes a solitary path.
You will find my approach entirely unconventional -- and potentially very high-risk if my underlying thesis proves faulty -- but by sharing my strategy and experiences with you I hope to promote discussion on a range of investment topics. You can achieve investing success (or failure) by traveling any number of potential paths, but silverminer represents the strategy I personally will follow until I see the U.S. dollar emerging from crisis mode.
A quick background story
Exasperated, I added picks that strayed from my core focus. Second chances are free in CAPS, but not in real life, so fortunately I changed nothing in my actual portfolio and have since found some welcome relief. The whole episode serves as a terrific reminder that my sector-focused investment strategy carries a high degree of volatility and risk. Confidence in my fundamental macroeconomic analysis, however, lessens my own perception of risk.
By the fall of 2008, the massive disconnect I perceived between the deteriorating fundamentals of the U.S. dollar and the continued free-fall in commodity-related equities sparked a renewed commitment to communicate my bullish outlook for dollar-defensive investments. With the passion of all my conviction, I encouraged Fools to consider precious metal producers like Yamana Gold (NYSE: AUY ) and Silver Wheaton (NYSE: SLW ) at the moment they reversed into a dramatic recovery.
A silverminer is born
Core holdings for the long haul