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« U.S. Mint Year-To-Date Silver-Coin Sales Hit Record At 40.2 Million Ounces | Main | David Morgan Interview - Silver Summit Oct 2013 - Spokane »
Friday
Nov082013

Glum Resource Market Creates Value Plays: Adam Footer

Having lived through the pain, you might as well stick around for the gain.       

                                                                                                            -- Rick Rule

The last two years have been tough for the natural resource sector – though as of November 5, gold was up nearly $100 from its late June low of around $1,220 per ounce1. Today (Friday, November 8) gold saw a steep fall back down to around $1,285, which has been tied to a report of stronger job growth in the U.S.2.

Adam Footer, an Investment Executive at Sprott Global Resource Investments Ltd., says the two-year fall has left the junior market under-followed, and describes two types of companies that could make good investments now.

“Most people are either depressed about the sector or have stopped watching out of lack of interest,” he explained. “If you want to invest in the sector, you have to act within the context of the current market. You cannot ‘throw darts’ and you cannot buy low-quality companies, because in a disinterested market, these boats will not float.

“A common mistake that I see is focusing too much on tomorrow’s metals prices – which we do not know. Predictions are often wrong and will only bias your analysis when it comes to stock selection.  Instead, adapt to today’s market and plan to invest without immediately higher precious metals prices. 

To read this interview in full please click here.

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In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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