TraderWise

By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report

Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter.

The reason there are so many “reasons” is because gold is unlike any other asset.

Put together a volatile asset class, a new all-time high, a sharp correction, and the start of a New Year and what do you get…a very diverse set of expectations.

Many of the long-time gold followers are as bullish as ever. Rob McEwen, one of the world’s most prominent gold bugs, recently stated, “By the end of 2010 I see the gold price at $2000 and before the game’s over at over $5000.”

Since gold has made it into the mainstream last year, the major brokerages are now getting a lot more publicity for their gold forecasts.

Most people think you buy gold and gold shares as an inflation hedge. I will agree that gold is a good inflation hedge, although perhaps not as good as silver and some other hard assets. But seldom is gold thought of as a good asset to own during a credit deflation. 

The Real Price of Gold Rises as Credit Bubbles Deflate

History demonstrates otherwise.

Source: Interviewed by Gordon Holmes, The Gold Report

The Gold Report caught up with John Embry, Chief Investment Strategist, Sprott Asset Management, to get his thoughts on gold and some mining stocks he favors. Embry, an industry expert in precious metals, has researched the gold sector for over 30 years. Read about why he thinks gold could gain another 30% this year as a greater proportion of the public realizes the degree of difficulty that sovereign debt is in.

From the December 2009 HRA Journal

David Coffin & Eric Coffin, HRA Advisories

The gold price has swept past the US $1200 mark – in both directions – so it’s time to check numbers against concepts and patterns.  The yellow metal’s modern history began with Western economic expansion in the 19th century.  That outstripped our ability to supply gold equivalent to economic activity, at fixed rates.  With currencies delinking from gold by the early 1970s, miners couldn’t supply enough of it at the old fixed rates.  Contrast that w

I have written a number of times in the last few months that gold and mining shares look attractive. While the metal had a big run-up in price during the three-month stretch that ended in late February, the yellow metal has subsequently dropped back a bit, as have the prices of the leading mining shares. If anything, however, the reasons for gold bullishness have intensified.

Most people think you buy gold and gold shares as an inflation hedge. I will agree that gold is a good inflation hedge, although perhaps not as good as silver and some other hard assets. But seldom is gold thought of as a good asset to own during a credit deflation.

The Real Price of Gold Rises as Credit Bubbles Deflate

History demonstrates otherwise.

By Jeff Clark, Casey’s Gold & Resource Report

In a recent conversation with a fellow gold analyst, he was emphatic that the price one pays for physical gold should be ignored. “What’s far more important,” he insisted, “is how many ounces I own in relation to the total value of my assets.”

Building a core position in gold bullion is a smart goal, to be sure, and a strategy Casey Research has been advising for years.

I think depending on how good one is at forecasting gold prices in the future these could potentially be long-term holds. However, I think the recent run-up in gold stocks could allow them to fall just as fast as they ran. I only like these as short-term trades with a tight stop loss and quick profit taking.

Augusta Resource Corp. AZC $80 mil market cap has been a little left behind in the gold and metal frenzy until these past few days.