Dear goldbugs: Are you embarrassed?

Cam Hui, one of the smarter bizbrains that shares via blogs, has written a thought-provoking post on gold, the miners and the goldbug legions.

Here's the link so go check it out.

What good is a dollar?

This fabbo image...

.....and more of the same style (there's a dragon, a camera, a penguin and a scorpion... the scorpion is my fave) are from this post at Humble Student of the Markets today. Cam Hui adds even more value to the origami with an observation on the dollar that I agree with totally.

Today's must see.

Cam Hui on Ken Heebner

Over at 'Humble Student of the Markets' and linked right here (go visit), Cam Hui takes a good, hard look at the recent record of fund guru Ken Heebner and finds him wanting. Quite right, Cam. I have fond memories of Heebner at this time last year when I was shouting "short PBR" (that got me into the London FT I shouted so loud) and people would point out that I was taking a contrary position to the legendary Ken. And the rest, as they say, is history.


Now for a short Ottotrans™: This is what Cam Hui (obviously a gentleman) says:

"Ken Heebner has a bottom-up driven investment process but takes big macro bets as a result of his bottom-up analysis. This style can work well when the economy is showing a trend, but I believe that Heebner tried to call the turning point a little early and got hurt."

And this is how Otto (obviously less so) translates it:

"Any dickhead looks good in a bull market."

DYODD

Heebner's CGM Focus Fund track record

(click to enlarge)

A very nice article from Cam Hui

One of the smarter financial bloggers out there, Cam Hui today offers "A Rorschach Test for Investors" and puts Anvil Mining (AVM.to) in the spotlight

AVM.to isn't a company I cover or follow (cos it's non-LatAm) but a quick overview of its financials make it a very good test-case for investors to decide whether they really want in or out of this market. Go have a look at Cam Hui's full post linked here. An interesting intellectual stimulus and highly recommended.