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Gold Share Bull Market of a Lifetime
By Gold Economist: Jay Taylor
Goldinvestor.com
Tuesday, March 16, 2010
Our Canadian neighbors to the north really know how to do mining and are much more aware of the value of the resources they possess than do we Americans. They have been able to continue to conduct mining in environmentally responsible ways and gain wealth as a country by doing so. Being aware of the value of gold they are also aware of the price that gold now brings. In my recent appearance on BNN TV in Canada, I talk about the current gold market.
Recently, your editor was on BNN’s Trading Day with Marty Sej. Basically, I told the BNN audience that I thought we were in the bull market of a lifetime. I confessed my age at 62 so I was a young man when the last one occurred during the 1978–1979 timeframe. But this bull market is a monster compared to that one. I also noted that I think the real thing for people to focus on is the "real" price of gold rather than its nominal price, and I noted that the kind of deflationary environment I think we are heading toward will make gold mining an enormously profitable sector with rising profits resulting from a rise in the "real" price of gold. Watch Video.
Jay Taylor
Mr. Taylor is editor of J Taylor's Gold, Energy & Techn Stocks newsletter. A native of Ohio, he has resided in New York since 1973 when he began working there for Barlcay's Bank International. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares.
In 1981 he began publishing North American Gold Mining Stocks, which preceded his current newsletter. His continuing interest in gold mining prompted him to study geology at Hunter College in New York City, supplementing his MBA in Finance & Investments. Throughout his career Mr. Taylor worked as a commercial, then as an investment banker. Most recently, he worked in the mining and metals group of ING Barings in New York. Prior to that he was involved in the first gold loan made in modern times in the U.S. to Amax Minerals, a 250,000 oz. loan facility led by Citicorp.
In 1997 he resigned from ING Barings to devote himself full time to researching mining & technology stocks, writing his newsletter and assisting companies in raising venture capital.
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