This is very bullish for Eldorado Gold (ELD.TO) when it hit 52-week high today in Canadian dollar.
Monday, December 29, 2008
Eldorado Gold Hit 52 Week High Today
This is very bullish for Eldorado Gold (ELD.TO) when it hit 52-week high today in Canadian dollar.
Sunday, December 21, 2008
O Holy Night
O holy night, the stars are brightly shining;
It is the night of our dear Savior's birth!
Long lay the world in sin and error pining,
Till He appeared and the soul felt its worth.
A thrill of hope, the weary world rejoices,
For yonder breaks
a new and glorious morn.
Fall on your knees,
O hear the angel voices!
O night divine,
O night when Christ was born!
O night divine, O night,
O night divine!
Led by the light of Faith serenely beaming,
With glowing hearts by His cradle we stand.
So led by light of a star sweetly gleaming,
Here came the wise men from Orient land.
The King of Kings lay thus
in lowly manger, In all our trials
born to be our Friend!
He knows our need, To our weakness no stranger;
Behold your King!
Before the lowly bend!
Behold your King! your King!
before Him bend.
Truly He taught us to love one another;
His law is love and His gospel is peace.
Chains shall He break for the slave is our brother
And in His name all oppression shall cease.
Sweet hymns of joy in grateful chorus raise we,
Let all within us praise His holy name!
Christ is the Lord,
Oh praise His name forever,
His pow'r and glory evermore proclaim
His pow'r and glory
evermore proclaim.
Friday, December 12, 2008
Our One and Only Savior
by Franklin Graham
When people are looking for dramatic change, it’s human nature for them to seek some sort of savior—someone who is powerful and compassionate enough to rescue them from their sins.
As long as they are blinded by sin, though, people seek salvation in the wrong places. They desperately need someone to lead them to the one and only Savior. “There is no God apart from me, a righteous God and a Savior; there is none but me. Turn to me and be saved, all you ends of the earth; for I am God, and there is no other” (Isaiah 45:21–22).
Christmas is when we celebrate the birth of our Savior on the pages of history. When the baby Jesus was born in a stable in Bethlehem, the Word became flesh. As the angel announced more than 2,000 years ago: “Today in the town of David, a Savior has been born to you; he is Christ the Lord” (Luke 2:11). Jesus Christ showed us the Way, died for our sins, rose from the grave and poured out the Holy Spirit to establish His church.
He taught us plainly that the only way we can be saved is by repenting of our sins and trusting in Him as our Savior. “I am the way and the truth and the life. No one comes to the Father except through me” (John 14:6).
That’s the message my father and I have always preached. Despite what the world may say or wish, there is no other way to be saved. There are many ways to share the Gospel—just look at all the different ministries of the Billy Graham Evangelistic Association—but they all bring people to Jesus Christ, our one and only Savior.
Americans have just been through a presidential election. Both parties made extravagant promises that won’t be easily kept, but the promise of eternal life is always kept by the Savior for those who come to Him for forgiveness.
Our hope is never placed in men or governments, but in God alone. We will pray for guidance for our leaders as the Bible commands, while knowing that the Lord works through worldly rulers to accomplish His greater, sovereign purpose. The king’s heart is like channels of water in God’s hands, the Bible says, and “He directs it … wherever He pleases” (Proverbs 21:1).
As you celebrate the birth of the Savior in the next few days, rejoice that God “the Father has sent His Son to be the Savior of the world. If anyone acknowledges that Jesus is the Son of God, God lives in him, and he in God” (1 John 4:14–15).
Thanks be to God for our glorious Savior, the Lord Jesus Christ!
When people are looking for dramatic change, it’s human nature for them to seek some sort of savior—someone who is powerful and compassionate enough to rescue them from their sins.
As long as they are blinded by sin, though, people seek salvation in the wrong places. They desperately need someone to lead them to the one and only Savior. “There is no God apart from me, a righteous God and a Savior; there is none but me. Turn to me and be saved, all you ends of the earth; for I am God, and there is no other” (Isaiah 45:21–22).
Christmas is when we celebrate the birth of our Savior on the pages of history. When the baby Jesus was born in a stable in Bethlehem, the Word became flesh. As the angel announced more than 2,000 years ago: “Today in the town of David, a Savior has been born to you; he is Christ the Lord” (Luke 2:11). Jesus Christ showed us the Way, died for our sins, rose from the grave and poured out the Holy Spirit to establish His church.
He taught us plainly that the only way we can be saved is by repenting of our sins and trusting in Him as our Savior. “I am the way and the truth and the life. No one comes to the Father except through me” (John 14:6).
That’s the message my father and I have always preached. Despite what the world may say or wish, there is no other way to be saved. There are many ways to share the Gospel—just look at all the different ministries of the Billy Graham Evangelistic Association—but they all bring people to Jesus Christ, our one and only Savior.
Americans have just been through a presidential election. Both parties made extravagant promises that won’t be easily kept, but the promise of eternal life is always kept by the Savior for those who come to Him for forgiveness.
Our hope is never placed in men or governments, but in God alone. We will pray for guidance for our leaders as the Bible commands, while knowing that the Lord works through worldly rulers to accomplish His greater, sovereign purpose. The king’s heart is like channels of water in God’s hands, the Bible says, and “He directs it … wherever He pleases” (Proverbs 21:1).
As you celebrate the birth of the Savior in the next few days, rejoice that God “the Father has sent His Son to be the Savior of the world. If anyone acknowledges that Jesus is the Son of God, God lives in him, and he in God” (1 John 4:14–15).
Thanks be to God for our glorious Savior, the Lord Jesus Christ!
Thursday, December 11, 2008
Jim Rogers: $200 oil By 2013.
Jim Rogers, the famous investor and author on commodities, said on Thursday that he bought oil last week as crude prices collapsed to near four-year lows and that the world is running out of known oil reserves. Rogers rose to fame in the investment world as co-founder with George Soros the Quantum Fund in 1970. The fund returned 4,200 percent over the next decade, compared with a 50 percent gain in the S&P 500 index.
Rogers said in New York that he also closed his bets against the U.S. stock market in October, and plans to use the dollar's rally as an opportunity to exit dollar-denominated assets.
Rogers said he is the world's worst market timer and a horrible short-term trader, but a sharp sell-off in oil prices suggested a bottom. "Oil collapsed last week. Whenever you've had that sort of selling climax throughout any period in history, you are usually well-rewarded to buy it. It may not be the final bottom, but a bottom, so I'm buying oil again," he said.
Rogers, who remains bullish on commodities, estimated known world oil reserves at today's consumption rate are about 16 years, which indicates crude prices will again trend higher. "We're going to see $200 oil at some point, it may be by 2013. It's a sad fact but the world is running out of known oil," he said.
Many of Rogers's investments reflect a bearish view of the U.S. economy, which he said is poised to enter a period of stagnation, just as Japan suffered during its "lost decade" in the 1990s.
"We have unbelievable mistakes every week coming out of Washington, just as Japan did in the 1990s, just as America did in the 1930s," he said. "This could turn into a gigantic mess."
Rogers attributed his grim outlook to worries about the size of the U.S. government's growing deficit and the unwillingness on the part of authorities to let banks fail. He said he expected the U.S. economy to be in bad shape for a considerable time.
He also said he plans to get out of U.S. securities he's owned for more than two decades if there is a rally soon. "The market will probably rally for a while into January or March, and then we'll have more problems next year and perhaps into 2010," he said.
"I plan to get out of all of my U.S. dollars at some time throughout this rally. The dollar is a terribly flawed currency, and perhaps a doomed currency," he said.
Rogers said that he is investing on growth areas in China and Taiwan, such as shares in water treatment, tourism and agriculture. He is bullish on Asia because the region has savers and thus creditor nations.
Rogers said in New York that he also closed his bets against the U.S. stock market in October, and plans to use the dollar's rally as an opportunity to exit dollar-denominated assets.
Rogers said he is the world's worst market timer and a horrible short-term trader, but a sharp sell-off in oil prices suggested a bottom. "Oil collapsed last week. Whenever you've had that sort of selling climax throughout any period in history, you are usually well-rewarded to buy it. It may not be the final bottom, but a bottom, so I'm buying oil again," he said.
Rogers, who remains bullish on commodities, estimated known world oil reserves at today's consumption rate are about 16 years, which indicates crude prices will again trend higher. "We're going to see $200 oil at some point, it may be by 2013. It's a sad fact but the world is running out of known oil," he said.
Many of Rogers's investments reflect a bearish view of the U.S. economy, which he said is poised to enter a period of stagnation, just as Japan suffered during its "lost decade" in the 1990s.
"We have unbelievable mistakes every week coming out of Washington, just as Japan did in the 1990s, just as America did in the 1930s," he said. "This could turn into a gigantic mess."
Rogers attributed his grim outlook to worries about the size of the U.S. government's growing deficit and the unwillingness on the part of authorities to let banks fail. He said he expected the U.S. economy to be in bad shape for a considerable time.
He also said he plans to get out of U.S. securities he's owned for more than two decades if there is a rally soon. "The market will probably rally for a while into January or March, and then we'll have more problems next year and perhaps into 2010," he said.
"I plan to get out of all of my U.S. dollars at some time throughout this rally. The dollar is a terribly flawed currency, and perhaps a doomed currency," he said.
Rogers said that he is investing on growth areas in China and Taiwan, such as shares in water treatment, tourism and agriculture. He is bullish on Asia because the region has savers and thus creditor nations.
Wednesday, December 10, 2008
An unnecessary quarrel
From Asia Time - By David Gosset
The ability to take the big picture into consideration and develop a strategic vision for the long term is what defines genuine leadership, but the current tension between the European Union (EU) and China over Tibet shows this is exactly what the EU is lacking.
This year, Beijing has proved it is a cooperative and responsible member of the international community on three different but highly significant occasions. The Beijing Summer Olympic Games in August were in the words of Jacques Rogge, the president of the International Olympic Committee, "truly exceptional".
After the crisis in Georgia
, Moscow did not succeed in bringing Beijing on side to recognize the breakaway Georgian states of Abkhazia and South Ossetia. By refusing to back Moscow, Beijing avoided perpetuating the sterile antagonism between the West and the Sino-Russian axis. Last but not least, during the recent financial turmoil, Beijing has been a key factor of stability. Despite China's constructive and balanced behavior, the EU ends 2008 by an unnecessary quarrel with one of the main pillars of the 21st century's global order.
By officially displaying strong support to Tenzin Gyatso, the 14th Dalai Lama, some European politicians want to believe that they are doing the right thing. They are, in fact, demonstrating shortsightedness, ignorance and, to a certain extent, irresponsibility.
In a midst of a complex financial and economic crisis which is calling for more Sino-European synergy and global coordination, some myopic officials are taking the EU further away from the positive dynamics of the Chinese renaissance, arguably the most significant story of our time.
At the end of 2007, French President Nicolas Sarkozy told Xinhua, the state-run Chinese news agency, "My ambition is to make 2008 a great Euro-Chinese year." It would have been indeed highly relevant since exactly 30 years ago Beijing adopted the policies of "reform and opening-up" leading one-fifth of mankind on the road to relative prosperity and progress.
Instead, 2008 ends with a crisis between the European Union and China. In a sharp contrast, the fifth round of the Strategic Economic Dialogue (SED) between Washington and Beijing has produced constructive outcomes.
The immediate events which led to the dispute between Brussels and Beijing are well known. In March, the French government chose to lead the protest against what it framed as China's "crackdown" in Tibet.
Bernard Kouchner, the French Minister of Foreign Affairs, declared that the European Union should consider the idea of boycotting the opening ceremony of the Olympic Games. In April, the disruption of the Olympic torch relay in Paris sparked a boycott of French products by the Chinese people. On November 13, the president of France, which currently holds the rotating EU presidency, announced he would meet with the Dalai Lama in Poland on the occasion of the 25th anniversary of Lech Walesa's Nobel Peace Prize. On November 26, Beijing postponed the 11th EU-China Summit scheduled for December 1 in the French city of Lyon.
Beijing's decision is not the product of impulsive haste but the result of internal discussion, careful political consideration and geopolitical calculation. It is also an expression of China's strength and confidence. Beijing simply can not passively observe trends or events which threaten its territorial integrity and social stability.
European capitals can not feign to be surprised by such a rational approach and have to expect from Beijing resolute and proportionate response to any external provocation. On this issue, China's government can rely on massive backing from the Chinese population. An online survey which has received already more than 63,000 votes showed that about 97% of netizens reacted with indignation at Sarkozy's meeting with the Dalai Lama.
Most of the commentators in the West consider that the Chinese side is to be blamed for the current difficulties between the EU and China. They view the Dalai Lama as a spiritual guide who is fighting against a "cultural genocide" and is leading the Tibetan people toward a better future. This simplistic and romantic view is simply not accurate.
Pretending that the Dalai Lama is purely a spiritual leader is deceptive and illusory. As the head of the Tibetan "government-in-exile" in Dharamsala, India
, the Dalai Lama is a political figure with a political agenda. When, in the 1960s, the Central Intelligence Agency (CIA) organized Tibetan military movements to fight against the People's Liberation Army - the CIA also subsidized the Dalai Lama - its goal was not to protect Buddhist spirituality, but to manipulate the Tibetans for political and geopolitical gains.
On December 4, speaking in the European parliament, the Dalai Lama defined his role, "I consider myself to be the free spokesperson in exile of the Tibetan people." This is obviously a political statement. In the same speech he added, "While I firmly reject the use of violence as a means in our struggle, we certainly have the right to explore all other political options available to us."
There was no distinction between religion and politics in traditional Tibet, especially since the 5th Dalai Lama, Lozang Gyatso (1617-1682). The West has to rethink its perception of historical Tibet and go beyond an utopian representation of the "Roof of the World".
It is within the People's Republic of China (PRC) that the Tibetans freed themselves from theocracy. European politicians who favor European secularism, or what the French call laicite, the separation between religion and politics, are often those who show the strongest support to the Dalai Lama, the very symbol of a system where politics is subordinated to religion.
The expression "cultural genocide" - which has been used by the Dalai Lama himself - is supposed to describe the present conditions in the Tibet Autonomous Region is absurd and carries some baseless accusations which can not be conducive to harmony. Tibet is currently changing rapidly but this change does not equate with "cultural genocide". In fact, the region is going through a process of socio-economic modernization which benefits the majority of the population. This process is far from perfect but does allow the Tibetans within the PRC to reinterpret their tradition and to preserve the best of their culture.
Those who are now publicly championing the Dalai Lama are also taking the risk of hurting the Tibetan people's future. At 73 years old, the Dalai Lama accepts the fact that the Tibet Autonomous Region is a part of a sovereign country, the PRC. He insists on peaceful means to push for more Tibetan autonomy within the PRC.
However, the Dalai Lama is surrounded by younger people who consider his "Middle Way" a failure. They are already considering more radical means to achieve the creation of an independent Tibet. When some Western institutions officially endorse the Dalai Lama, Tibetan extremists can believe that the West would support their struggle whatever the means and the end. This is, of course, not the case. In that sense, European politicians are misleading the Tibetan people and being irresponsible by exposing them to a tragic no-win situation.
Western officials often admit privately that they meet the Dalai Lama under the pressure of their public opinions. They could imitate Taiwan's leader Ma Ying-jeou who has just ruled out a visit to the island by the Dalai Lama by saying: "The timing is not appropriate". It is only by working, cooperating, patiently negotiating with Beijing that one can effectively contribute to the general progress of the 1.3 billion citizens of the PRC, and among them, of course, the Tibetan people.
Unfortunately, the tension between the EU and China could continue in 2009. In the first half of the coming year, the Czech Republic will chair the rotating presidency of the European Union. A representative of the "new Europe" which joined the EU in 2004, Prague tends to have a very critical approach of Beijing, ignoring all the differences between the Soviet Union and China but also the post-Maoist transformation of Chinese society. Beijing has noticed that the Czech Prime Minister Mirek Topolanek has just received the Dalai Lama.
It is now urgent for the European Union to find ways to avoid unnecessary quarrels with its Chinese partner. It is time to focus on what really matters: a more adequate global governance requires strong cooperation between the EU and China, and beyond, a constructive triangulation between Washington, Brussels and Beijing.
The ability to take the big picture into consideration and develop a strategic vision for the long term is what defines genuine leadership, but the current tension between the European Union (EU) and China over Tibet shows this is exactly what the EU is lacking.
This year, Beijing has proved it is a cooperative and responsible member of the international community on three different but highly significant occasions. The Beijing Summer Olympic Games in August were in the words of Jacques Rogge, the president of the International Olympic Committee, "truly exceptional".
After the crisis in Georgia
, Moscow did not succeed in bringing Beijing on side to recognize the breakaway Georgian states of Abkhazia and South Ossetia. By refusing to back Moscow, Beijing avoided perpetuating the sterile antagonism between the West and the Sino-Russian axis. Last but not least, during the recent financial turmoil, Beijing has been a key factor of stability. Despite China's constructive and balanced behavior, the EU ends 2008 by an unnecessary quarrel with one of the main pillars of the 21st century's global order.
By officially displaying strong support to Tenzin Gyatso, the 14th Dalai Lama, some European politicians want to believe that they are doing the right thing. They are, in fact, demonstrating shortsightedness, ignorance and, to a certain extent, irresponsibility.
In a midst of a complex financial and economic crisis which is calling for more Sino-European synergy and global coordination, some myopic officials are taking the EU further away from the positive dynamics of the Chinese renaissance, arguably the most significant story of our time.
At the end of 2007, French President Nicolas Sarkozy told Xinhua, the state-run Chinese news agency, "My ambition is to make 2008 a great Euro-Chinese year." It would have been indeed highly relevant since exactly 30 years ago Beijing adopted the policies of "reform and opening-up" leading one-fifth of mankind on the road to relative prosperity and progress.
Instead, 2008 ends with a crisis between the European Union and China. In a sharp contrast, the fifth round of the Strategic Economic Dialogue (SED) between Washington and Beijing has produced constructive outcomes.
The immediate events which led to the dispute between Brussels and Beijing are well known. In March, the French government chose to lead the protest against what it framed as China's "crackdown" in Tibet.
Bernard Kouchner, the French Minister of Foreign Affairs, declared that the European Union should consider the idea of boycotting the opening ceremony of the Olympic Games. In April, the disruption of the Olympic torch relay in Paris sparked a boycott of French products by the Chinese people. On November 13, the president of France, which currently holds the rotating EU presidency, announced he would meet with the Dalai Lama in Poland on the occasion of the 25th anniversary of Lech Walesa's Nobel Peace Prize. On November 26, Beijing postponed the 11th EU-China Summit scheduled for December 1 in the French city of Lyon.
Beijing's decision is not the product of impulsive haste but the result of internal discussion, careful political consideration and geopolitical calculation. It is also an expression of China's strength and confidence. Beijing simply can not passively observe trends or events which threaten its territorial integrity and social stability.
European capitals can not feign to be surprised by such a rational approach and have to expect from Beijing resolute and proportionate response to any external provocation. On this issue, China's government can rely on massive backing from the Chinese population. An online survey which has received already more than 63,000 votes showed that about 97% of netizens reacted with indignation at Sarkozy's meeting with the Dalai Lama.
Most of the commentators in the West consider that the Chinese side is to be blamed for the current difficulties between the EU and China. They view the Dalai Lama as a spiritual guide who is fighting against a "cultural genocide" and is leading the Tibetan people toward a better future. This simplistic and romantic view is simply not accurate.
Pretending that the Dalai Lama is purely a spiritual leader is deceptive and illusory. As the head of the Tibetan "government-in-exile" in Dharamsala, India
, the Dalai Lama is a political figure with a political agenda. When, in the 1960s, the Central Intelligence Agency (CIA) organized Tibetan military movements to fight against the People's Liberation Army - the CIA also subsidized the Dalai Lama - its goal was not to protect Buddhist spirituality, but to manipulate the Tibetans for political and geopolitical gains.
On December 4, speaking in the European parliament, the Dalai Lama defined his role, "I consider myself to be the free spokesperson in exile of the Tibetan people." This is obviously a political statement. In the same speech he added, "While I firmly reject the use of violence as a means in our struggle, we certainly have the right to explore all other political options available to us."
There was no distinction between religion and politics in traditional Tibet, especially since the 5th Dalai Lama, Lozang Gyatso (1617-1682). The West has to rethink its perception of historical Tibet and go beyond an utopian representation of the "Roof of the World".
It is within the People's Republic of China (PRC) that the Tibetans freed themselves from theocracy. European politicians who favor European secularism, or what the French call laicite, the separation between religion and politics, are often those who show the strongest support to the Dalai Lama, the very symbol of a system where politics is subordinated to religion.
The expression "cultural genocide" - which has been used by the Dalai Lama himself - is supposed to describe the present conditions in the Tibet Autonomous Region is absurd and carries some baseless accusations which can not be conducive to harmony. Tibet is currently changing rapidly but this change does not equate with "cultural genocide". In fact, the region is going through a process of socio-economic modernization which benefits the majority of the population. This process is far from perfect but does allow the Tibetans within the PRC to reinterpret their tradition and to preserve the best of their culture.
Those who are now publicly championing the Dalai Lama are also taking the risk of hurting the Tibetan people's future. At 73 years old, the Dalai Lama accepts the fact that the Tibet Autonomous Region is a part of a sovereign country, the PRC. He insists on peaceful means to push for more Tibetan autonomy within the PRC.
However, the Dalai Lama is surrounded by younger people who consider his "Middle Way" a failure. They are already considering more radical means to achieve the creation of an independent Tibet. When some Western institutions officially endorse the Dalai Lama, Tibetan extremists can believe that the West would support their struggle whatever the means and the end. This is, of course, not the case. In that sense, European politicians are misleading the Tibetan people and being irresponsible by exposing them to a tragic no-win situation.
Western officials often admit privately that they meet the Dalai Lama under the pressure of their public opinions. They could imitate Taiwan's leader Ma Ying-jeou who has just ruled out a visit to the island by the Dalai Lama by saying: "The timing is not appropriate". It is only by working, cooperating, patiently negotiating with Beijing that one can effectively contribute to the general progress of the 1.3 billion citizens of the PRC, and among them, of course, the Tibetan people.
Unfortunately, the tension between the EU and China could continue in 2009. In the first half of the coming year, the Czech Republic will chair the rotating presidency of the European Union. A representative of the "new Europe" which joined the EU in 2004, Prague tends to have a very critical approach of Beijing, ignoring all the differences between the Soviet Union and China but also the post-Maoist transformation of Chinese society. Beijing has noticed that the Czech Prime Minister Mirek Topolanek has just received the Dalai Lama.
It is now urgent for the European Union to find ways to avoid unnecessary quarrels with its Chinese partner. It is time to focus on what really matters: a more adequate global governance requires strong cooperation between the EU and China, and beyond, a constructive triangulation between Washington, Brussels and Beijing.
Tuesday, December 9, 2008
Raymond James picks its best bets for 2009
on the 2009 list according to FP Trading desk are:
Bird Construction Income Fund TSE:BDT.UN $14.50,
Bonavista Energy Trust TSE:BNP.UN %15.10,
Canadian Apartment CAP) REIT TSE:CAR.UN $13.08,
Canadian Natural Resources TSE:CNQ $41.66,
GLV Inc. TSE:GLV.B $6.42,
Gran Tierra Energy Inc.TSE:GTE $2.86,
Hathor Exploration Ltd.CVE:HAT $2.8,
International Royalty Corp.TSE:IRC $1.50,
Ritchie Bros. Auctioneers TSE:RBA $24.64,
Trinidad Drilling TSE:TDG $4.01,
Yamana Gold Inc TSE:YRI $6.61.
Bird Construction Income Fund TSE:BDT.UN $14.50,
Bonavista Energy Trust TSE:BNP.UN %15.10,
Canadian Apartment CAP) REIT TSE:CAR.UN $13.08,
Canadian Natural Resources TSE:CNQ $41.66,
GLV Inc. TSE:GLV.B $6.42,
Gran Tierra Energy Inc.TSE:GTE $2.86,
Hathor Exploration Ltd.CVE:HAT $2.8,
International Royalty Corp.TSE:IRC $1.50,
Ritchie Bros. Auctioneers TSE:RBA $24.64,
Trinidad Drilling TSE:TDG $4.01,
Yamana Gold Inc TSE:YRI $6.61.
Monday, December 1, 2008
Marc Faber Says Time to Buy Gold Exploration Stocks
Celebrated contrarian investment advisor Dr. Marc Faber told Bloomberg television last weekend that he was buying gold exploration stocks as well as gold producers because prices were ridiculously cheap.
Dr. Faber wrote the book Tomorrow’s Gold earlier in this decade and has long been a holder of physical gold as a hedge against inflation and a meltdown in the global financial system. But he has previously not recommended buying exploration stocks, arguing that they could fall in price and that many companies could go out of business.
...Granted the link between the gold price and exploration stocks - remember the latter own the rights to potential future gold field development rights or claims - then such a price hike would mean an even bigger increase in the value of exploration stocks. That these stocks have been beaten down to almost nothing in the recent stock market crash just makes them a better buy.
Dr. Faber is the first major commentator to make this call - and it comes against the worst performance in this sector in 40 years. Of course, for a contrarian there could not be a better buy indicator. Dr. Faber is about to score another big hit for his investment record. If he was a hunter he would need a castle to house all his trophies by now!
Dr. Faber wrote the book Tomorrow’s Gold earlier in this decade and has long been a holder of physical gold as a hedge against inflation and a meltdown in the global financial system. But he has previously not recommended buying exploration stocks, arguing that they could fall in price and that many companies could go out of business.
...Granted the link between the gold price and exploration stocks - remember the latter own the rights to potential future gold field development rights or claims - then such a price hike would mean an even bigger increase in the value of exploration stocks. That these stocks have been beaten down to almost nothing in the recent stock market crash just makes them a better buy.
Dr. Faber is the first major commentator to make this call - and it comes against the worst performance in this sector in 40 years. Of course, for a contrarian there could not be a better buy indicator. Dr. Faber is about to score another big hit for his investment record. If he was a hunter he would need a castle to house all his trophies by now!
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