The Fed Strikes Back:

From the HRA Journal Issue 276,
September 30, 2017

Well that sucked.  After a move to $1380 gold quickly turned tail and gave up its gains. That took some of the speculative shine off the market.  One piece of good news is that gold equities are still trading (slightly) better than bullion which is generally a positive sign even when gold’s behaving poorly.

 

 

 

Not Just Politics:

From the HRA Journal Issue 274,
August 15, 2017

The USD got its bounce thanks to the payroll report but it wasn't a strong one and is dissipating already. Surprising the bounce wasn't larger given the huge short position.

North Korea turned out to be a whipsaw. The gold price was lifted, then knocked back, as the tension mounted then receded. Gold has other drivers and having the political one ease off is better for us in the long run.  I don’t think the downtrend in the USD is over for reasons I go into in the editorial.  

 

 

Breakout:

From the HRA Journal Issue 275,
September 6, 2017​

After a few false starts, gold has finally broken through $1300 convincingly, and looks comfortable at its current perch at $1340.  It would be easy to blame it all on politics but, as I noted in the last issue, I don’t think that’s the case.  It’s an overdue move and the initial move through $1300 occurred before Kim’s provocative launch of a missile over Japan.

 

 

 

HRA is your key to uncovering and profiting from extraordinary resource shares by getting ahead of the crowd.

HRA looks for resource companies with the potential to at least double over one year based on asset or reserve growth through development of metals deposits for production or take over by larger companies. HRA also uncovers high risk/high potential exploration plays, the kind of "swing for the fences" trade that can yield returns of hundreds or even thousands of percent. You choose your comfort zone and which type of company you want to follow. Click here to view HRA’s impressive track record and you’ll understand why we believe that resource stocks should be in every portfolio.

But Aren't Commodities Dead?

No. Metals are basic necessities of modern life and the per capita use of metals rises with income levels. In the past decade several of the world's most populous countries underwent accelerated growth. While countries like China, India and Brazil are currently being impacted by recessionary forces, the changes that spurred their stronger growth are not cyclical. These secular changes occur as per capita income reaches levels that require increased infrastructure spending by government and allow for discretionary spending on things like housing. All advanced economies have gone through these high growth secular periods in the past. The difference is that never in history have so many people in the world been entering the "lower middle class" at the same time. The impact on resource use from this massive change is just beginning to be felt. Remember too that there are several other high population countries like Malaysia, Turkey, Indonesia and Pakistan that are just entering this growth phase now. Collectively, these countries have a population roughly equal to China.

Historically, these sorts of Quality of Life cycles last a full generation or more. We are a bit over 10 years into this one. There will be cyclical slowdowns within the secular trend and individual metals will underperform or outperform depending on their particular supply/demand balance. The mining sector, which we have decades of experience in, will have to struggle just to keep up many times during this trend. Economies turn much faster than metals production. In short, there are more bull runs ahead for various metals and they will start much sooner than most people think. Metals producers and explorers will go from pariahs to market darlings and the change will happen fast when it comes. It has many times before. Buying low and selling high means seeking out the right companies before the market does. HRA can help you do just that.

Latest HRA Media

 

Eric Coffin's latest video presentation titled "'Tis the Season" from the Metals Investor Forum 

                               September 2017

                      

HRA Testimonials

HRA is great at getting the "real" story out on resource companies by doing their due diligence and keeping on top of maps, news releases and corporate development. I highly recommend HRA...to any investor whether it be an institutional client or private investor.