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Gold as a “Go To” Asset Class
From an HRA SD Alert to former Gold Mining Stock Report subscribers
by David Coffin
We believe there is room for more gold price gain, near term. A “true” gold market in which the yellow metal is being treated as an asset class in its own right is building around the uncertainties in other markets. That is different from recent warehousing cycles when gold moved most strongly during the final up stage of a resource/economic cycle. This time around gold is being treated as a market and currency hedge, not as a goody bag being handed out at the end of a party. …
20Nov2009 | HRA Advisories | 0 comments | ContinuedVolumetrics
From the November 2009 HRA Journal
David Coffin & Eric Coffin, HRA Advisories
India’s central bank taking 200 tonnes (6.4 million oz) of gold from the IMF in an off market trade has certainly lit a fire under the yellow metal. While a trade of that nature was anticipated, India, which is about the savviest of commercial gold players, was not atop the expected buyers’ list. Given the greenback was steady and that gold’s chart went near vertical when the overnight rumor became official, it is likely that the big long position that came into the market forced some covering on the short…
9Nov2009 | HRA Advisories | 0 comments | ContinuedCycles…
Mayan Indian elder Apolinario Chile Pixtun has restated his belief that the world is not going to end in 2012. Or more precisely, that his beliefs don’t suggest the world should end despite it being the end of a major cycle in the Mayan calendar. According to China Daily, he is even more emphatic that he’s tired of being asked about it. 2012 is the end of a 5126 year cycle (end of the 13th of 13 Baktun). It also ends a 26800 year cycle that may relate to the Earth’s wobble, which is useful for gauging the drift of…
22Oct2009 | HRA Advisories | 0 comments | Continued
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