The finale of the New York Hard Assets conference last week put on display the opinions of five experts in an attempt to find contrarian views regarding the present, past and future market conditions. The resulting consensus as opposed to the intended debate gave investors a long term picture that finds difficulty only in searching for a contrasting opinion.
The methodology in which they came to their conclusions was more capable of spawning a debate than the rare "love-In" we just experienced in terms of the direction that was virtually unanimous regarding what we are going to see in the markets.
With a panel of experts in their respective fields armed with bottles of water and microphones they were able to summarize the forecast in a word:
Sure, there were a few details in arriving at that general consensus and each "expert" took a different approach to obtain the result, but almost unanimously gold was the strongest consensus opinion as the underlying favorite. Great arguments were made for silver to outperform in the coming decade and questions loomed at the impending deflationary or hyperinflationary period to come but there was no "what if" we have deflation or hyperinflation or which significant event will be the environment we enter in the coming months and years. The forecasts were built on solid analytical research with a myriad of components only lacking an effective psychic to predict the future of global events, and the post QE2 economic environment in the US.
Eric Sprott made an effective argument for silver being the go to metal of the next decade to a standing room only crowd, while Rick Rule entertained the crowd with a witty banter and insightful wisdom on a successful methodology to advance your portfolio and participate in lucrative private placements where solid management and warrants are involved. The leading newsletter writers and analysts have almost uniformly begun using gold as the value to track markets statistically through charts as opposed to currency.
At the end of the event some things appeared certain: long term gold and silver markets will push further into their newly formed highs only pausing occasionally to catch their breath, mining companies with sound management will prosper, and a mixed basket of rare earth, uranium, and copper seemed to be popular secondary holdings.
No one believed we had finished the current bull market with ongoing geo-political events propping the metals up at times when they were long overdue for natural corrections, and the impending financial crisis looming over the United States and Europe to push them further into new highs. It is important to note that neither of these significant events creating the current environment has subsided and that they will remain fundamental for some time to come.
From a personal perspective the value of this or any other conference seems based around mining companies interacting with their intended and current investors and publishing a fancy pamphlet with numbers that arguably can be favorable or negative depending on the audience reading them. The percentage of companies worth looking into as potential investments is far outweighed by the number of companies propping themselves up with favorable numbers or old successes. We here at preciousmetalswarrants.com are actively seeking to remove that veil and connect the management teams that have solid track records and the work ethic to transform speculation and exploration into current and future success.
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Dudley Pierce Baker is the founder, owner and editor of Precious Metals Warrants. His e-mail address is email@example.com. His son, Jeff Baker, assistant editor, has recently joined Precious Metals Warrants and will be providing editorial comment and marketing assistance to the services.
PreciousMetalsWarrants.com is an investment advisor and any reference to specific securities does not constitute a recommendation thereof. The opinions expressed herein are the express personal opinions of Dudley Baker. Neither the information, nor the opinions expressed should be construed as a solicitation to buy any securities mentioned in this Service. Examples given are only intended to make investors aware of the potential rewards of investing in Warrants. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions involving stocks or Warrants.