Goldtent TA Paradise

RDEMF

1. Northstar says:

   April 29, 2019 - 9:40 am at 9:40 am

   I paid his subscription and bought a few of his rocks and I’ve lost 75 to 95% on them. Learned a valuable lesson lol.

   • Simon says:

     April 29, 2019 - 9:47 am at 9:47 am

     Ditto here. I wonder how many subscribers remain…

   • Bikoo99 says:

     April 29, 2019 - 1:43 pm at 1:43 pm

     Ditto. All my PP are down 95%.

     He claimed in 2016 in upsurge that he had made $17 million from initial $17000 during last uptrend in PM.

     One can not stay buy and hold these companies.

     Although he did have right idea but “it is the market Stupid” applies here.

     No one knows anything.

2. Steins1 says:

   April 29, 2019 - 9:49 am at 9:49 am

   I don’t have or recall that one, maybe he sold it?
   If you had bought Spock’s recommendations and sold when the charts turned, you would have made a pretty good gain as he was up considerably from the late 2016 low.
   He was way early to the game. But from what I’ve seen even rocks down quite a bit can gain it back quite fast.
   Sorry if I’m defending him but I do think you have to both step back and take responsibility.
   Even Plunger’s picks took off and have given back most of they’re gains.
   This is all investment for me for an inevitable down turn in the economy.

   • Alex33 says:

     April 29, 2019 - 10:04 am at 10:04 am

     Difficult to compare Plunger with Spock , who mainly focused on explorers with non- proven management teams. I said it already here before, initially Spock had nice mix of well known explorers with proven deposits and some nice producers, but down the road he switched to very risky explorers that had no gold in the ground. The reason he did the switch is he could make more money out of it as he did several Private placements where he received a finders commission of 5-7% and he never disclosed that to subscribers. Later on he recommended the stocks he bought cheap in private placements to his normal subscribers, meanwhile (probably) he was selling out. Sorry to say but there is a very BIG difference of quality of names recommended by Plunger and Spock, not to forget the ethics of non- disclosure.

     • Steins1 says:

       April 29, 2019 - 10:26 am at 10:26 am

       I wasn’t really comparing them Alex, just saying that both had pull backs.
       But most of all, we all have choices and have to take responsibility for them.
       No one was forced into an of the PP’s. And to say (probably) is not a fact!
       As I said, if you followed the charts and sold you would not be complaining.

       Hell, Rambus was considered a fool for telling people to sell here when gold topped.
       And no I’m not comparing the two, but I do know Spock was willing to let his whole program play out for a longer term.

3. dyu626 says:

   April 29, 2019 - 10:15 am at 10:15 am

   Sadly I still have faith in AZS.v, ALTA.v and NXS.v.

   Nexus can’t be that big of a scam if even sandstorm gold bought into it.

   Hopefully we can revisit this topic in a few years time with positive news lol

4. silverboom says:

   April 29, 2019 - 10:22 am at 10:22 am

   Yup. That Spock was the LAST guru I will ever listen to. My responsibility, but given the nondisclosure and his failure to issue sell points makes him a bad guy. I bought the Kool-aid, no doubt about it. Cost me tens of thousands thinking I could trust the guy. Took me for PP’s as well. Total con job, IMHO. I don’t consider Plunger a guru, but provides good direction, calls it as he sees it, and makes no bones about the challenges involved. Still think the call for gold’s recent plunge was Plunger’s (see what I did there?) aggressive pronouncement that the gold bull was confirmed and we are off to the races was a good indicator to either sell or get very defensive.

   • Alex33 says:

     April 29, 2019 - 10:27 am at 10:27 am

     You have to buy the names when they are cheap and sell when you have a profit, not when the crowd or newsletter writer gets exited. I switched my strategy from investing in explorers to buying more into quality names like MAG, OR, SAND,…

     The difference is, you can be sure when these names fall 20/30%, that sooner or later they will recover. Recently Gwen Preston recommend MAG, I am glad I bough 2/3 months ago at way lower levels based on my own gut feeling of buying quality on the cheap.

     • silverboom says:

       April 29, 2019 - 2:33 pm at 2:33 pm

       Yup, agree with that. Either the company has proven gold in the ground or they are operating and making a profit with good future prospects. OR, SAND, AEM…

       And not playing victim card here, just acknowledging my stupidity in following a guru (the very last one) Remember, this was a guy who bragged about turning tens of thousands into millions, and was going to do it again. An attractive siren song, but I should have known better. Stupid me.

   • Steins1 says:

     April 29, 2019 - 10:34 am at 10:34 am

     I do remember when the charts turned Spock was asked whether to sell, he said he wasn’t but but everyone had to decide for themselves what they felt comfortable with.
     I never saw him as dictating but leaving it up to us as to what to decide.
     Okay, I’m done trying to make the point that we all have to take responsibility for our lives.
     I’ve never been one to play the victim card. 🙂

5. JamesBrrando says:

   April 29, 2019 - 10:37 am at 10:37 am

   Everyones saying “sell”
   Rofl that was impossible with the private placements. i still havent found a brokerage that will accept my stock certs. I was stuck in these positions on the way up and DOWN.

6. Steins1 says:

   April 29, 2019 - 10:39 am at 10:39 am

   And BTW, I also remember when Plunger said he thought it was too early when Spock went in.
   The charts and conditions weren’t right.

   • Alex33 says:

     April 29, 2019 - 10:46 am at 10:46 am

     Full agree, everybody should take ownership of its own positions. The problem with Spock is he over promoted stocks like NXS as being the next Roxgold, I never believed it as I did my own DD, but it was difficult not to believe. The same happened with Anfield, that was supposed to have millions of high grade, but never worked out. In both these 2 names Spock was way too confident and should have better warned subscribers that it was a risky speculation, nothing more! I had some of Spock names, and did manage to get out break even. unfortunately it is always VERY difficult with these low volume names, that’s why I do avoid these names now.

7. Fullgoldcrown says:

   April 29, 2019 - 1:47 pm at 1:47 pm

   I agree with Sir Steins

   I was able to pull the trigger early on in many of the Rocks….then using Chartology was able to sell them after it was clear a Top was in.

   Bottom line

   1…Your trades are taken because you believe in them based on the information you choose to absorb. There is a LOT of information pro and con..Gold people of course tend to want the pro….so they must take responsibility whichever way she goes.

   2…This sector makes us all look like fools at one time or the other. I was fortunate in that 2016 run…probably would have held on like many …if i had not had the negative experience of doing so many times in the past.

   3…Investing / trading is NOT easy. Each of us must find the best formula and best system for our selves.

8. Mserr says:

   April 29, 2019 - 7:59 pm at 7:59 pm

   Seems I’m the dummy here. The whole sector had been clobbered
   The explorers are speculative and react to silver so is anyone surprised

   To me the question is do they tick the boxes. Nxs alta and azs have good management and
   Property.

   Sek to me is the bust. For them only good thing going is their zip code next to osk

   Is this anything other than the whole mérala Market is awful ?

9. Mserr says:

   April 29, 2019 - 8:05 pm at 8:05 pm

   Also. I was able to get them all placed with sprott

   Lastly. My biggest complaint is he doesn’t give us updates.

   If the story is dead he should tell us.

10. Karl says:

    April 30, 2019 - 5:26 am at 5:26 am

    I could add to the list of complaints about Spock, but won’t, now anyway. Nevertheless I re-subscribed recently. Sometimes when you figure out the systematic pluses and minuses of an opinion source—so that you know when it’s likely to be a reliable indicator vs one to bet against–you can find it useful. You can use it as a positive or negative indicator. The other adviser I subscribe to, IKN, I find incredibly useful even though I do not like a lot of what its proprietor says and do not mindlessly follow advice—for example, I have been selling companies of a sort he is currently especially bullish on in order to buy more stocks when I feel the current PM dip is over. (Note: many of the criticisms people levelled against Spock do not apply to IKN.)

    An important thing is not being a devotee. It should not be a religion and one should not fetishize these people.

    I personally made money (net) with Spock’s recommendations. To be sure, I got in at the very beginning since I ascertained there was probably going to be a big run-up and was desperate for names of companies to buy. Most of my big winners were ones that Spock did not recommend and in fact one of my best was one he recommended staying away from (Oban, which became OSK.to–I bought heavily upon his turning his nose up at it). Nevertheless, I did ok overall with even his, I think, despite, stupidly not selling some of blatantly junky ones, the ones I held my nose when buying, near the top much less lightening up on the better ones.

    Again, I could add to the list of complaints with the harshest of words, sincerely expressed. Nevertheless I suspect the Spock subscription will continue to be useful. I personally suspect all the PM stocks may do horribly in the next days or weeks. Yet even the most hideous of the ‘Spock Rocks’ selections may well start shining valuably in coming months. There are 1 or 2 in fact that I may buy more of pretty soon. I wouldn’t be surprised if someone who followed his advice and has not sold will end up looking like a genius in a year or so. But I can be very wrong.

    • Karl says:

      April 30, 2019 - 5:49 am at 5:49 am

      I’ve often thought that it’s too bad that there isn’t a website — very much elsewhere — for former Spock devotees. I would love to participate.

      There was such a cult-like atmosphere such that subscribers enabled Spock at his worst as well as his best. One of the best (or at least one of my favorite) commenters was thrown off the site and urged to unsubscribe–and I think he like other dissidents got disdain from other subscribers, not just the proprietor. I did not know what to do. Much of the advice was good, and I learned a lot from Spock. However I saw what was going on and tried to put my criticisms between the lines, hidden amongst verbiage and maybe some irony, where it and I would not get censored. I may have put it too deeply to be noticed.

11. Karl says:

    April 30, 2019 - 6:12 am at 6:12 am

    Please allow me to repeat a comment I often made at the Spock site as well as one I made here more recently.

    #1
    I believe that a reasonable strategy is to buy and hold a bunch of this type of penny stocks–but as a gamble. It is the gambling portfolio, which you always hold.

    You probably need at least a dozen or two–30 may be ideal. You may do ok if you just keep the portfolio pretty static–I think those with the Spock ‘rocks’, as atrocious as some of the picks are–may as I noted end up looking like geniuses for holding them all while many people here will have wasted a lot of time and resources going in and out of the PM market and indulging too much squiggly line lore and angelsonheadsofpin stuff. However a better way of handling your gambling portfolio than treat it as a static holding is to read about the companies and continually review the charts so as to sell some as they increasingly stink so as to buy others. It’s a gambling portfolio that benefits from ongoing adjustments.

    #2 US persons may not want to have a gambling portfolio like this because of onerous reporting regulations. If I had known how much reporting there would be, I would not have had this portfolio. US persons need to look at the PFIC and FBAR regulations. There’s a lot of work to be done to be in compliance, and potentially a lot of expense to accountants or tax lawyers. I have done a lot of it but am still way behind on this work. The US Treasury seems currently awfully pleasant and lenient about allowing people to get up to speed on reporting who are actively working at complying, but one cannot be sure of the future.

12. Alex33 says:

    April 30, 2019 - 7:05 am at 7:05 am

    Karl, I do not share your opinion and optimism. Of course a bull market lifts all boats. But exploration stocks in some risky locations like West Africa and Brazil will only go up in later stages of bull market and if the company has money to drill for exploration. In the meantime most explorers are just surviving and paying out salaries if they have any cash left.
    Even the good exploration stocks are down 50-70% the last years, but at least these stories will always be there and have access to capital. I prefer to focus on these names. I have the impression that most of Spock previous recommendations (I do not know current ones) do not fit the bill as management or project is low quality and they have no cash and are just diluting shareholders.
    I already wrote on this forum long time ago, that only an explorer with 3-5 million plus in the bank is worth investing and I remain convinced that all other speculative stores will never return big money or success. It takes lots of $ to do exploration and prove a new deposit, and it is not by raising 1-2 million every year a company will accomplish that goal.

    • Karl says:

      April 30, 2019 - 10:14 am at 10:14 am

      Your criterion of at least 3-5M is one of mine! I also use geography and political risk as another major criterion. I personally think the Spock recommendations may not be quite as bad as you think and there is at least one gem among them, though there are plenty of stinkers that I wish I had been bright enough to sell or sell more of. I advocate holding this sort of stuff as a gambling portfolio but using events such as downturns to alter the components of the gambling portfolio. (In a few minutes I plan to sell a Karl-rock that I have held for years that I used to be in love with so as to buy a nice PM stock when I feel that the PM market bottom is more likely to be in.)

      I used Spock as at best just one source myself and did not use it as prescribed. For example, I would not have known about Novo if he hadn’t recommended it. I bought more when he said to sell. IKN said it’s interesting but merely an unrecommended gamble right at the very beginning of its jump upwards. I immediately bought more, and sold a bit much higher. I have made all sorts expensive of bone-headed moves–or non moves such as not selling more of the ‘Spock rocks’, but I have found Spock useful especially when not using always as prescribed.

      Nevertheless I personally would bet you a nickel that the prescribed Spock portfolio will do well. To repeat myself, it may not be as bad as you think and has at least one extremely good one in it, one that on its own would be enough to make holding the whole portfolio as prescribed a great success, possibly even at a significantly lower gold price. One of ways Spock was right was in predicting that the vast of his followers would drop out. I suspect he will also be correct in having repeatedly writing concomitantly that the few who would hold on would do really well. We will see. I certainly don’t know and could be very wrong.

      • Karl says:

        April 30, 2019 - 12:14 pm at 12:14 pm

        On boneheaded moves on my part I should have pointed to my participating in private placements. I could elaborate, but I more than others should have known better. Really stupid.

        On RDEMF (the main topic): to give Spock credit, he told followers to sell way way before it turned sour. They may have even sold at a profit. He told followers to sell all stocks related to Colombia. However in keeping with his mal-educated style of disparaging others’ intellect, he was not literate enough to spell Colombia correctly while pronouncing on high about the country. This illiteracy persists years later on the website.

        • Karl says:

          April 30, 2019 - 12:25 pm at 12:25 pm

          Error on my part. The misspelling of ‘Colombia’ is not available on the site any more–in fact I could not get onto the old spockm site. This misspelling persisted in a fairly prominent spot for many months, possibly a couple of years so I wrongly assumed (w/o checking) it was still there.

          Though I’ve just admited to yet another error on my part, I will issue a tip I think is useful to make up for my error: any time you see someone issuing pronouncements about Colombia from on high who misspells it as ‘Columbia’ you have a good sign that you are dealing with someone puffed up with a lot more hot air and self-importance than knowledge about the topic.

13. Phaneuf says:

    April 30, 2019 - 7:57 am at 7:57 am

    My past Spock subscriptions were my worst ‘investments’ ever. Period. Wish I had never come across the site.

14. Swannmex says:

    April 30, 2019 - 12:12 pm at 12:12 pm

    Nothing to do but learn from experience….. there will be plenty more opportunities to be manipulated in this space….. our job, should we choose to accept it, is
    to wise up….. good luck to all of us…..

    • Steins1 says:

      April 30, 2019 - 1:17 pm at 1:17 pm

      LOL! A good one!
      And a good discussion.

    • Karl says:

      April 30, 2019 - 1:22 pm at 1:22 pm

      Again, I wish that there were an independent site where we former and possibly current followers of the Spock cult could dissect the experience to handle future situations. I learned many lessons big and small.

      One of the largest is that as much as I believed myself to be thinking independently I did not rely enough on my own reasoning, intuition, and knowledge.

      A particular sub-point is that although I long knew that people who were good or even great in some things can be absurdly incompetent in other matters, including the overall pictures. Spock clearly had far greater knowledge than I in some area (i think many people here may be improperly thinking that his picks were unbelievably horrible–no, compared to the other names being flung around his were generally good–his advice was and is in fact far than that of many better known commentators or newsletter writers, I suspect–he knows a lot about many things). Nevertheless I allowed myself too much to act under the assumption that he was overall competent in judgment about how properly to handle his subscribers because he knew his way around some particular matters in possibly exemplary fashion. (There is a lot to be learned from Spock–he is quite good at many things.)

      Another broad lesson, which I already knew, but should have known better, is not to get carried away with either bull or bear markets. I commented often–against most people’s enraptured enthusiasm–that I was scared it was going to high too fast. Yet I stupidly took my advice only partially and did not sufficiently readjust my gambling portfolio out of some of the smelliest of his recommendations into better ones–or simply cash.