New Beginnings With the Year of the Rat

Winklevoss Twins at the Crypto Finance Conference in Switzerland January 2020

It’s been a whirlwind couple of weeks! From Switzerland to Vancouver to Boston, I went from being student to teacher. I’m grateful for the opportunity to learn from others and to share my own story.

As I told you in last week’s Investor Alert, I attended the Crypto Finance Conference in St. Moritz, Switzerland, where I got to hear from not just the Winklevoss twins but also Arthur Hayes, cofounder and CEO of cryptocurrency exchange BitMEX.

Arthur has such an inspirational story. A graduate of Wharton School of Business, he moved to Hong Kong to work as an equity derivatives trader and market-maker. After losing his job in 2013, the 33-year-old decided he was done with banking and turned his sites toward bitcoin—which had just crossed above $1,000 for the first time, ending the year up a remarkable 5,870 percent.

Like any new idea, BitMEX was a longshot. Today it’s one of the biggest crypto exchanges in the world. In the past 12 months, the platform has seen a mindboggling $1.13 trillion in trading volume.

Bullish on Copper and Gold

The next leg of my trip took me to Vancouver, where I was the keynote speaker at the Vancouver Resource Investment Conference (VRIC), attended by more than 4,000 investors. This was the conference’s 25th anniversary.

Sentiment for gold and other key metals was high, with the yellow metal starting the year above $1,500 an ounce for the first time since 2013. As I told Commodity-TV’s Jochen Staiger on the sidelines of VRIC, I’m especially bullish on copper. Like gold, copper is facing significant supply shortages as there aren’t any new large mine projects being developed or going into production. Meanwhile, the red metal will continue to be in hot demand as we move to electrify everything.

Speaking of copper, one of the more eye-opening presentations was conducted by the Lundin Group of Companies, including Filo Mining and Lundin Gold. In a press release dated January 22, Lundin Mining announced that the company successfully achieved its 2019 guidance for all metals at all operations, with copper production at its Candelaria project increasing 9 percent year-over-year.

Thanks to strategic acquisitions and excellent corporate governance, Lundin has managed to generate an astounding $15.8 billion for shareholders over the years.

Lundin Group of Companies Has Generated Some $15.8 Billion for Shareholders
click to enlarge