Hedge Fund Manager Fleckenstein buying KL This is from https://www.fleckensteincapital.com site.
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We've Traced the Buying, and It's Coming From Inside the House!On the subject of the miners, there are some details on two companies worth noting. I have been meaning to discuss that I have recently built a position in Kirkland Lake. What pushed me to do that was in fact that the chairman, Eric Sprott, has bought so much stock (roughly 10 million shares) in the last few months on top of an already huge position. In doing some checking, it is entirely possible that the Fosterville Mine and the surrounding area could turn out to be a very big home run.
I have only been buying it for a few weeks, and I kept thinking there might be a setback, but we just haven't seen one. Thus, I wanted to mention it before the stock ran away. Of course, having said that, I may have jinxed it. Essentially what I did was replace my Tahoe position with Kirkland Lake, although I have made KL bigger.