ZIRP Über Alles:

From the HRA Journal Issue 254,
July 12, 2016

Wall St’s doing the happy dance again. You’d think the SPX is well through a massive rally instead of just a couple of percent higher than it was 15 months ago. Never let facts get in the way of a good story.

 

 

Central Bank Roulette:

From the HRA Journal Issue 255,
July 26, 2016​

Major equity markets continue to perform well, though the rally is looking a little tired.  We’ll know in hours whether the Fed plays it dovish or hawkish and that in turn will determine if we see near term new highs.  We’re into Q2 earnings season.  There is plenty of the usual cheerleading about “earnings beats”.  Nice, except that the earnings are beating expectations that have been lowered yet again. 

 

 

Legends of the Fall

From the HRA Journal Issue 256,
August 16, 2016

New highs for New York and even more new highs across the junior resource space.  We haven't gotten to September yet and we already seem to be staring the Autumn lift off.  It’s nice to be in the sector the rest of the market is jealous of for a change.

 

 

HRA is your key to uncovering and profiting from extraordinary resource shares by getting ahead of the crowd.

HRA looks for resource companies with the potential to at least double over one year based on asset or reserve growth through development of metals deposits for production or take over by larger companies. HRA also uncovers high risk/high potential exploration plays, the kind of "swing for the fences" trade that can yield returns of hundreds or even thousands of percent. You choose your comfort zone and which type of company you want to follow. Click here to view HRA’s impressive track record and you’ll understand why we believe that resource stocks should be in every portfolio.

But Aren't Commodities Dead?

No. Metals are basic necessities of modern life and the per capita use of metals rises with income levels. In the past decade several of the world's most populous countries underwent accelerated growth. While countries like China, India and Brazil are currently being impacted by recessionary forces, the changes that spurred their stronger growth are not cyclical. These secular changes occur as per capita income reaches levels that require increased infrastructure spending by government and allow for discretionary spending on things like housing. All advanced economies have gone through these high growth secular periods in the past. The difference is that never in history have so many people in the world been entering the "lower middle class" at the same time. The impact on resource use from this massive change is just beginning to be felt. Remember too that there are several other high population countries like Malaysia, Turkey, Indonesia and Pakistan that are just entering this growth phase now. Collectively, these countries have a population roughly equal to China.

Historically, these sorts of Quality of Life cycles last a full generation or more. We are a bit over 10 years into this one. There will be cyclical slowdowns within the secular trend and individual metals will underperform or outperform depending on their particular supply/demand balance. The mining sector, which we have decades of experience in, will have to struggle just to keep up many times during this trend. Economies turn much faster than metals production. In short, there are more bull runs ahead for various metals and they will start much sooner than most people think. Metals producers and explorers will go from pariahs to market darlings and the change will happen fast when it comes. It has many times before. Buying low and selling high means seeking out the right companies before the market does. HRA can help you do just that.

Latest HRA Media

 

Eric Coffin's latest video presentation titled "Outside Money" from the Metals Investor Forum

                               March 14th, 2016

                      

HRA Testimonials

HRA is great at getting the "real" story out on resource companies by doing their due diligence and keeping on top of maps, news releases and corporate development. I highly recommend HRA...to any investor whether it be an institutional client or private investor.