Issue link: http://resourceworld.uberflip.com/i/99312
There remain four key bullish factors for gold: Central Banks have gone from major sellers 10 years ago to net buyers (Look for Chinese to greatly step up their purchases). Producer forward selling has gone from "in-fashion" to very unpopular. The creation of ETFs has allowed a wealth of professional and individual investors (who before ETFs found physical ownership of gold too encumbering) a simple investment vehicle to gain exposure to gold and has greatly tilted the supply vs. demand in favor of demand. The US Monetary authorities are leading other governments around the world in an onslaught of paper creation that shall continue a race to debase currencies. Obama's reelection shall only help serve the US to be the lead pony in a race where all the horses lost already. US $2,000/oz gold is now cheap! Rick Rule went on to state the obvious in his San Francisco talk, "in order to sell high, we have to remember to buy low." This sentiment was also shared by Lawrence Roulston as it can be deemed that the markets are having a sale right now, but nobody is rushing out to capitalize on these bargains. Why not? One word: FEAR. Fear has surpassed greed and investors are afraid to loan companies their hard earned money. As soon as fear starts to dissipate, the market will begin to fully turn upward, but until then, companies and the investors they seek will continue to languish. n Providing a complete range of geotechnical and mineral exploration services, MRB has over 45 qualified personnel to help you explore and develop your precious metal, base-metal, iron ore, graphite and Rare Earth Element projects. •Projectmanagement •Explorationplanningandexecution •Resourceevaluation •43-101TechnicalReports •Data-managementandanalysis •Outstandingtrackrecordwithourmanyclients FROM START TO FINISH, MRB & ASSOCIATES DELIVERS. For more information please contact: Martin Bourgoin, President at: martin@mrbweb.com 1748 Chemin Sullivan, Suite 2100, Val d'Or QC J9P 7H1 Tel : 819-874-8768 Fax : 819-874-8771 www.mrbweb.com DECEMBER 2012/JANUARY 2013 www.resourceworld.com 21