A Global Race For Gold Is On

At Porter & Co. we are determined to be your best source of investing, economic, and financial insight, and your first choice for information about what to do with your money… in the entire world, bar none.

This is Porter & Co.’s Sunday Investment Chronicles. Every week, the Porter & Co. research team pores over thousands (and thousands) of articles, reports, social media posts, analyses, regulatory filings, and anything else we can get our hands (and eyes) on to understand what’s happening in the world of investing and finance – and to uncover the most original, compelling, and double-head-fake ideas…

… and we curate the best of those here. We do it all the old fashioned way: Hours of reading and brainpower (no AI curation here). We read everything – for you.

In Case You Missed It… What We Published Last Week

In Monday’s Daily Journal, Porter led a masterclass in modern medical technology… and from there he shared how to profit from the latest developments. He promised to tell readers everything they need to know to make millions of dollars as investors over the next decade. 

In fact, he added, subscribers to Erez Kalir’s Tech Frontiers have already seen a set of recommendations that’s earned a staggering 56% annual returns by investing in companies developing these breakthroughs.

The new foundational technology he discussed – siRNA – is only now making its way into Big Pharma’s pipelines. And there is still plenty of time to get in before any of the big money is made.

---

On Wednesday, in an essay titled “Not Even The Piano Player Is Safe,” Marty Fridson took the reins of the Daily Journal… and, as he likes to do, brought readers back in time, nearly two decades, to a period of economic panic. Mutual funds were selling off everything – some worthless stocks and bonds, but also some quality bonds being let go at steep discounts. The lesson he shared is this:

Investors who bought the bonds at the optimal time were not rolling the dice and getting lucky. Far from it. The prudent buyers of senior secured utility bonds in November 2008 understood and took advantage of a market malfunction that caused many issues to plunge far below their intrinsic value.”

Marty believes we are nearing a period when this might happen again, and he and his team will be bargain-hunting. Keep an eye out for Distressed Investing.

---

On Thursday, Trading Club analyst Ross Hendricks issued five new trade recommendations, under the theme of avoiding risk and raising cash. The economic rationale behind the trades stem from the growing signs of distress in the economy and financial system. 

Ross stressed that these trends have become more pronounced during the current Q3 earnings-reporting period. He said that he sees a significant deterioration in the fundamentals of a large swath of consumer-facing companies and other economically sensitive sectors. Even some of the large-cap technology companies that were previously holding up the broader market are showing signs of weakness, including Microsoft (MSFT) and Meta (META).

---

And in Friday’s Journal, Porter punched out an urgent warning about the economy and an impending credit collapse. Signs of a credit crisis are more pervasive, with defaults rising and bankruptcies becoming more real. Porter himself sees many shorting opportunities, a few of which he shared.

But he also shared some exciting news about some great benefits being added to The Big Secret On Wall Street, his flagship publication… including a new name!

The Best Things We Read Last Week

Out of the hundreds of sources of investment, finance, and economics news and insight we regularly review – our Bloomberg terminal, hedge-fund letters, annual reports, the financial news media, Securities and Exchange Commission (“SEC”) filings, investment newsletters, newspapers, X (Twitter) threads, conferences, podcasts, and more – here’s what we’ve read that we think you might find interesting.