The finale of the New York Hard Assets conference last week put on display the opinions of 5 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.
"Gold"
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... questions loomed at the impending deflationary or hyperinflationary period to come but there was no "what if" we have deflation or hyperinflation, but which significant event will be the environment we enter in the coming months and years. Both 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 one thing was 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 they were long overdue for natural corrections, and the impending financial crisis looming over the United States and Europe pushed them further into new highs.. It is important to note that neither of these significant events creating the current environment has subsided and 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, publishing a fancy pamphlet with numbers that arguable 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.
For those readers unfamiliar with our services:
PreciousMetalsWarrants.com provides:
1. An online database for all warrants trading on the natural resource companies in the United States and Canada. Our database is the most comprehensive database that you will find.
2. "A Look Over My Shoulder" - This is my entire personal portfolio and I provide an audio update each Thursday evening and emails as I buy or sell securities or warrants. Each subscriber can decide whether to follow me but this is your decision and we suggest that subscribers do their own due diligence before buying any securities.
3. Insiders Trading Data:
We track the insider trading on the Canadian Securities and issue BUY and SELL Alerts as we deem necessary. We have a great track record of approximately 115% gains on all closed trades.
We encourage all readers to sign up for our free weekly email.