EMA Fund Q1 Report, Gold And Gold Share Commentary…Bitcoin Too

In the first quarter of 2021 the EMA Fund recorded a loss of 7.7%.  This compares favorably to the GDXJ Junior Gold Stock Mining Index which declined by 17.0% during the quarter.

We believe we are on the cusp of the next wave up which will be explosive.  In 2020 we achieved a return of 126.2%.  In 2019 we achieved a return of 97.9%.   We fully expect that this year will be as good as these two prior years.

The report details why we think inflation is coming and why this will have a huge impact on the gold price and our portfolio.

You can also get out thoughts on Twitter at the following address:  @lawrencelepard

The report can be accessed at the following link on Google Drive:

https://drive.google.com/file/d/1qQRvmHlgdJMW_KRFUL8qF9EcK3-vUT38/view?usp=sharing

The little bugger was something special:

Little Bear was born in Palm Springs, California. He lived in New York City, the countryside of New Jersey, South Beach Miami, Paris, Brittany (France), Santa Fe, San Francisco and Dallas.

He loved to travel, making the scene in Madrid, Amsterdam, all over France, and Brussels; on boat trips on the North Sea and the canals of Brugges (Belgium); and by logging in several cross country trips across the United States.

Little Bear was an action dog, who loved the open street Cafes and the freedoms of the open spaces. While only 18 pounds, he was the Leader of the Pack. I can still visualize him roaming the New Jersey estate of Jacqueline Kennedy Onassis, followed by a herd of much larger dogs.

Little Bear was a smart as they come. Once, when moving from the countryside, Little Bear was studying the movers. He then kept running to the woods back and forth for hours. One of the movers came to get me, totally astounded. Little Bear had dug up all his bones and toys buried in the woods and put them into a pile next to the moving truck to make sure his things were moved also.

Everyone thought Little Bear acted human. Years ago, a Shaman from Peru was visiting and saw Little Bear. He had his translator tell us, "this is not a dog, he may look like a dog, but he is not." People used to call Little Bear a little person in a dog suit.

Little Bear was full of life and energy. Every day for Little Bear was new, exciting, and full of possibility. He was entertaining, tenacious and demanding -- always figuring out a way to get exactly what he wanted and never taking no for an answer.

Little Bear was the perfect companion in every way; a joy and inspiration to so many. We shall miss him very, very much.

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