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At the past San Francisco Hard Assets Investment Conference we talked with the namesake author-editor of the often contrarian Ian McAvity’s Deliberations On World Markets. Ian provides in-depth technical analysis of a number of markets, along with astute commentary on global political and economic developments. He says that despite weakness in the US dollar in November, he doesn’t expect it to depreciate much anytime soon. McAvity qualifies that belief though, saying that it’s only true if the US doesn’t do anything ‘foolish in the Middle East, particularly in Iran’ with their foreign policy. He wonders whether the US is “stupid enough to make another blunder in the Middle East”, and he’s hopeful it won’t now, in the wake of the recent US elections. Ian believes that the best value in the gold mining sector is found in the junior companies, that the majors have only rarely out-performed the actual metal prices. The juniors are the groups who actually create value through exploration and discovery. But the most investment risk is with the juniors as well – not everyone makes an economic discovery, no matter how attractive the property. Ian sees two market trends at work at the present. A secular uptrend is intact and will move up for years, he believes. On top of that trend is a cycle that started in 1999 and that he sees as vulnerable. Ian wonders whether the price of gold has to decline further before it begins a run to four digits. However it unfolds, don’t look for the price of gold to go up in a straight line, he warns, there’ll be plenty of fluctuation. Whether today or tomorrow, Ian’s belief that four digits are in the future for the POG should warm the innards of many gold bugs. Click here to watch the full interview with Ian McAvity. To hear more leading analysts’ comments, for live interviews with resource company management, for industry news and charts, and to register for our Free On-Line Gold Coin Draw and Smartstox email newsletter, go to http://www.smartstox.com!
**** "The SmartStox On-Line Talk Show" interview host, Stanlie Hunt has spent over 25 years in the investment business. Mr. Hunt, President and founder of Dynamic Stock Market Analysis has been a speaker at numerous investment conferences and has interviewed hundreds of companies both domestic and International. Mr. Hunt has also appeared on CBC Nightly Business News, and now hosts his own on-line investment talk show. Mr. Hunt actively researches emerging resource companies which are featured on his "SmartStox Talk Show"
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