Why Biiwii Gary rules

On reading Gary BiiWii's latest edition of his subscription newsletter on Sunday (we do swapsies; he gets mine and I get his) I was mightily impressed by the early-letter discussion page on technical anlaysis, so I was very pleased that he decided to re-print it on his blog yesterday and urge you to go read it by clicking this link now. Yet again we're reminded just how intelligent Gary is. After all, who would you prefer to listen to?

1) Somebody who has read a whole bunch of books on TA, doesn't have much in the way of analytical nous and proclaims this-or-that MUST happen because the squiggly line says so because the dude that wrote the book he read told him so.

2) Somebody who thinks, learns, listens, has experience and can gauge risk/reward at any given moment, a person with a depth of synthesis in several areas of life (not just line-reading) that can bring a working brain to the subject and interpret what they see (with a strong track-record of calling them right, too). Somebody who's balanced about all things, not just the market, remains humble and keeps their ego well in check. Most importantly, somebody who has a proven track record of making their subscribers good money by making good calls.

Number 1) is the TA-charty I rail against....the binary fool that will come a cropper and never, but never outperform the market...the vast majority of get-rich-quick Walter Mitty types that populate the mumbojumbo pseduoscience called Technical Analysis. Number 2) is Gary, a rare breed of thoughtful and smart player in TA that I truly respect and admire. All analysis is subjective, be it charty or fundy. The difference between a winner and a loser in the markets is the person that can interpret the raw information correctly and it matters not a jot whether that raw info comes in the form of a chart or a balance sheet or anything else.

I'll finish this little tribute by leaving the last word to Gary and an excerpt from his post. Go read it all (and get smarter on the market by subscribing to his weekly letter..that's one investment you won't regret making). Here's Gary:

"....so I will conclude with a simple thought; TA should be an extension of the individual and said individual’s experience in the financial markets. There is no one TA method that is the Holy Grail. If there were, the markets would not be filled with so many wise guys getting it wrong as often as right. Make it work for you or take it with a huge grain of salt."

PS: I'm not on commission or anything of the type. All I get from this is the reflected glory of having aimed you in the direction of a smart guy worth listening to on markets.

Recommended

Tonight I received the following mail (extracted) from subscriber 'SA':

"...I'm trying to expand my gold holdings to other areas of the world. Could you recommend other gold analysts' newsletters you trust and value for their selections. Thanks for any help you can give!

Sincerely,

XXXXX (name witheld)

To which I sent the following reply. Then it occurred to me that more people than SA might be able to take advantage of the calls, so here they are for everyone.

Hi XXXXX,

I trust and recommend three:

1) Mickey Fulp. His newsletter is free. Sign up here. He gets paid by the companies he covers but he's very selective about the companies he takes on. It's a no-brainer to read Fulp..it's free!!

2) Gary Tanashian of Biiwii dot com. Find out more here. A technical analyst who follows precious metals closely. The only tech analyst I ever bother with. Excellent, honest, insightful and amazing value for money at $26/month.

3) Brent Cook at Exploration Insights. Go to his site on this link. The best geology based gold stocks subscription newsletter by a mile. The top industry pros all read Brent Cook. It's not cheap but it's worth every penny. I learn more from Brent than anyone else.

Hope this helps. By the way, i'm not on any sort of commission from any of the three above. I reco them because i read and trust them.

FRG: Gary, you nailed the sucker

I've been telling you Gary at biiwii is good at what he does for how long now? A year and a bit, ever since this humble corner of cyberspace began, probably. So look at this chart he published on his free access blog May 4th 2009 (i.e. last Monday) about Fronteer (FRG) (FRG.to):

(click to enlarge)

And here we are 7 days later with FRG at U$3.18 on strong volume. It's already up 20% in a week and looks on the way to Gary's U$3.50 short-term target. I can also tell you, as one of the people who gets his NFTRH newsletter delivered each week, that the quality of info in his (rather inexpensive) paid service is even better than the stuff on his blog. Here's the link to find out more about his newsletter. Highly recommended*.

UPDATE: Gary's added a new post on FRG this morning; again, good advice on offer.

*and no, I'm not on any sort of commission. I just like recommending quality services.

Notes From The Rabbit Hole is the best $26 you'll spend on financial knowledge this year

Biiwii Gary and I did a deal when he was setting up his new subscription service, 'Notes From The Rabbit Hole'. I get a free sub in return for a writing some NOBS reports for his clients*.

This could be the best deal I've done this year. I've just received NFTRH number 5 and it's just about the smartest commentary I've read on anything financial in 2008. An incisive practical roadmap and great advice about what's going on in the moneyworld and how to get through it. I always knew he was good, and on several occasions previously I tried to encourage/cajole/bully him into starting a newsletter service. Message to you, Gary: I was SOOOOO right...your newsletter absolutely and totally rocks.

Gary and I are friends, and so I have that extra reason to drive people to his new service. But I would really like you, dear IKN reader, to benefit from his newsletter the way I have done this morning, too. I got more insight from the nine pages he sent today than I normally get from wading through a month's worth of commentary and analysis from all the other things I read (and believe me I read a lot of stuff).

NFTRH is not an expensive thing, either. You pay U$26 for one month's worth of weekly newsletters (he even throws in some midweek update e-mails, too) and that's not an auto-renewable payment, either. That means you can try it out for one month and walk away very easily if need be.

There's a new star in the newsletter firmament, people. Invest $26 and you'll see what I mean. Here's the link to the relevant page, and I strongly urge you to go right now. By the way, I get no commission or anything for this recommendation; this post is from the heart, not the back pocket.

*I have to deliver one NOBS report per month for six months and also receive a very small amount of expense-covering cash