The Fear/No Fear Market:

From the HRA Journal Issue 280,
January 29, 2018

 So far, so good.   That may not be your immediate take away as you read the rest of the first page but I’m fairly content with how the first month of the year is unfolding. Yes, I think we may be in for an immanent correction on the major equity markets.  But I think that is a GOOD thing, not a bad one.  We are way, way overdue for one.  The longer the big markets run without some sort of corrective selling, the more likely it is that the next drawdown is a major, not a minor one.   




It's Official:

From the HRA Journal Issue 282,
February 13, 2018

Well, THAT was exciting, wasn’t it?

No?  OK, things did get a bit hairy there and its too early yet to say that we’re out of the woods.  Traders are still extremely skittish and will be for a while.  We’ve had a couple of green days in a row, but they were not booming up days compared to the falls that preceded them.  



Tug of War:

From the HRA Journal Issue 283,
March 4, 2018

The markets have calmed down a bit but the White House is injecting plenty of political uncertainty.  I’m surprised Wall St is taking things as well as it is.  Seems like traders think tax cuts (excuse the pun) trump everything else.  We’ll see.  The complacency didn't work out so well a month ago so I wouldn’t get carried away with it.




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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 "'Late Innings" from the Metals Investor Forum 

                                       January 2018


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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 any investor whether it be an institutional client or private investor.