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A Comment -- General Comments From an Expert (A Commentary) opinion on 2012-12-28

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James Hodgins
A Comment -- General Comments From an Expert was $0.020 at time of opinion
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Gold. With quantitative easing from central banks and, at the same time, governments, individuals and companies trying to deleverage, these 2 things are battling. Not bearish in the short to intermediate term of nominal prices of risk assets. There is Chinese fiscal stimulus, QE 3 and Infinity in the US and, in Japan it looks like there is another major round of stimulus coming. In terms of real economic growth and real growth in risk asset prices relative to underlying monetary inflation, he is still quite bearish. This leads him to be very, very bullish on precious metals and the underlying equities. This has been a switch for him. Gold is the place you have to be to play this increase in quantitative easing globally. There’s been 2 solid years of underperformance of gold stocks versus bullion. With QE 3 fully in place and with not only 40 billion of mortgages per month but the additional 45 billion in unsterilized in treasury purchases, plus the major news out of Japan with the new prime minister favouring a 3% inflation target, the Bank of Japan is going to have to do some major increases in their balance sheet.

BULLISH on PRECIOUS METALS

All opinions for A Commentary (10664)

677 BUY
49 BUY on WEAKNESS
3057 COMMENT
687 DON'T BUY
132 HOLD
5143 N/A
10 PARTIAL BUY
7 PARTIAL SELL
216 PAST TOP PICK
53 SELL
1 SELL ON STRENGTH
4 SPECULATIVE BUY
8 STRONG BUY
401 TOP PICK
15 VAGUE
74 WAIT
57 WATCH
71 WEAK BUY
2 Unspecified
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All opinions for A Commentary (10664)

677 BUY
49 BUY on WEAKNESS
3057 COMMENT
687 DON'T BUY
132 HOLD
5143 N/A
10 PARTIAL BUY
7 PARTIAL SELL
216 PAST TOP PICK
53 SELL
1 SELL ON STRENGTH
4 SPECULATIVE BUY
8 STRONG BUY
401 TOP PICK
15 VAGUE
74 WAIT
57 WATCH
71 WEAK BUY
2 Unspecified
View All

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Add A Commentary to Watch List

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