Silver Is On The Verge Of One Of The Greatest Breakouts Of All Time

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

On Monday, we shared with The Trading Club members the first video edition of the new service, featuring Porter, CEO Jared Kelly, and lead trading analyst Ross Hendricks walking viewers through the nine recommended trades… discussion what the trades are, how to execute them, and what to do if the details change slightly, as they are likely to do in a dynamic market environment. To learn more about The Trading Club and how to be part of it, click here.

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In Monday’s Daily Journal, Porter began a two-part series about the coming reset of the American economy. He wrote…

In only the last 20 years, per-capita federal debt has exploded by close to $100,000 per person – or about 300%. It’s likely to reach $150,000 per person by the end of President Donald Trump’s term in 2029.

When JPMorgan Chase CEO Jamie Dimon talks about the bond market breaking (like he did last week), this is what he’s talking about: we can’t possibly afford these debts and, as a result, they are about to spiral out of control.”

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In part 2, in Wednesday’s Daily Journal – subtitled “The Fool-Proof Way To Protect Yourself From Monetary Chaos” – Porter outlined some ways you can protect yourself from this potentially devastating reset. He said…

Well, the good news is, there’s a simple solution…  It’s called the Permanent Portfolio… But it can be even easier!… What if your permanent portfolio was just:

1.    25% in Philip Morris (PM) and Altria (MO)

2.    25% in W.R. Berkley (WRB)

3.    25% in Franco-Nevada (FNV) and Bitcoin

4.    25% in cash

If you held those investments for the last decade and you rebalanced the portfolio every month, you would have produced annual returns of just over 20% with a beta of less than half (0.48) the stock market, producing a Sharpe Ratio of 1.4.”

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On Thursday, we added a new category to The Big Secret On Wall Street portfolio called “Legal Monopolies.” In this week’s report recommending the first entry – a 150-year-old company that commands an increasingly larger share of its market segment – we explain the category this way:

Firms like 1990s GE… the ones that are successful enough to attract the ire, and the litigation, of major regulatory bodies… often dodge antitrust law and come out unscathed in a ballsy Indiana Jones-grabbing-the-hat move. Then they keep on mopping up market share and paying dividends (for a few years, at least).

We like to call these companies legal monopolies. And we like to invest in them, too.”

Also on Thursday, Erez Kalir plucked what he calls a “biotech blue chip” from the Biotech Frontiers watchlist for the June recommendation. Comparing the company to the 1990s firm whose white-hot IPO really started biotech investing, he said:

This month’s recommendation is a company that is as category defining in its leadership of the siRNA era as Genentech was for recombinant DNA.”

But it’s Erez’s analysis of the investing environment caused by President Donald Trump’s economic policies that really makes this a standout issue:

Imagine being a CEO in this environment. Many important American industries rely on imports to function… For businesses in these industries, their input costs have suddenly become totally unpredictable. How can they make investment decisions or even simple profit-and-loss forecasts when they’re flying in the dark about their costs? And what effect does this uncertainty have on their appetite to take risks? Little surprise that many metrics of business confidence have collapsed since the beginning of the year.”

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And on Friday in the Daily Journal, Porter shared what he calls one of the greatest investment opportunities in his lifetime. He wrote:

There is one big difference between the Middle East and the U.S. when it comes to energy. In America, the government doesn’t own this incredible resource. It isn’t shared with all of the citizens. In Texas, mineral rights are controlled by private shareholders, shareholders who will become some of the wealthiest people in the world.

And there’s one group of shareholders in particular who will benefit the most: liquefied natural gas (LNG) exporters.”

He goes on to provide insight into this relatively new LNG exporter, which you can read about here.

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.