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« Billionaire Eric Sprott - Fed Has No Exit Plan & There Is No Exit | Main | Stay The Course Is The Answer »
Thursday
Jan032013

Daniel Ameduri of futuremoneytrends.com interviews Bob Kirtley

Back in early December I was delighted to be asked to give an interview to Daniel Ameduri of www.futuremoneytrends.com with the interview being posted on Daniels website on the 10th December 2012, which may be of interest to you. I’m pleased that Daniel published it as I have been somewhat out of step with my peers regarding the mining stocks sector for the last two years or so. However there are a few opportunities coming into view but we will need to tread very carefully and select only those stocks that have a real chance of generating solid returns, but we will go into more detail on that front later.

Daniel's Q&A with Bob Kirtley:

1.Now that the election is behind us, what are your feelings on this "fiscal cliff" the media keeps counting down to? Is it really a cliff? And of course, how do you think the precious metals will respond as we get closer to the expiration of the Bush tax cuts, debt ceiling, and automatic spending cuts?

 

We suspect that the fiscal cliff will be more or less postponed with a few minor changes regarding tax increases and some of the so called loops being plugged with spending virtually untouched. No great change and certainly not enough to prevent the deficit from rising and the debt ceiling being progressively raised. In four years from now we could well be discussing a deficit of $20 trillion. We need to remember that politicians want to stay employed and they do that by being popular, that is their main objective. The state of the nation is a secondary consideration for them. This is the age of entitlements and for a politician to take those away from the voter means that the vote goes elsewhere. So as a solution they will turn to Mr Bernanke who will print, twist, QE, whenever it is necessary to do so. The debasement of the currency will continue and this can only mean higher prices for both gold and silver. 

2.For gold investors who are looking at the mining sector, where are we in the junior space? A lot of these companies have been beaten down for the past few years, have the good companies seen the worst of it, or will the drag from the worthless ones continue to drag down the entire junior sector? 

Please click here to read this interview in full.

Regarding www.skoptionstrading.com. Our model portfolio is up 399.62% since inception generating an annualized return of 61.06%, this does not include a trade that we closed yesterday, at a profit, but we will update the stats shortly.

If you wish to join a winning team then please become a subscriber via this link:

Our annual performance figures are as follows:

2009 We made a profit of 23.89%

2010 We made a profit of 158.66%

2011 We made a profit of 40.95%

In 2011 we outperformed:

S&P by 42%

HUI by 53%

Gold by 31%

Silver by 41%

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address. 

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