The metals complex opened higher this morning as the pre-long weekend book-squaring ritual got underway and as players awaited Mr. Bernanke’s words from Jackson Hole. Gold advanced $5 to $1,660 while silver rose 20 cents to $30.70 per ounce.
The Mercenary Geologist has adopted a new prospector-generator model portfolio with an emphasis on good people. In this interview, he outlines the impact global volatility could have on junior mining companies.
Mineral commodities trade in four to seven year boom and bust cycles within longer 20- to 30-year secular market trends. Since starting work I have experienced the end of a 30-year secular bull market, a 23-year bear and a seven-years on-going bull.
The peripatetic Mercenary Geologist covers a lot of territory on a correction in gold, his still-hot rare earth elements (REE) favorites, the next REE juniors leader and what criteria he uses to evaluate the "best of the best" stocks.
Who is responsible for the commodity and food inflation? Bernanke denies that it is the Fed. And, of course, the cause of inflation is hard enough to prove in a domestic economy, much less from policies followed by other central banks.