Latest HRA Media: Eric Coffin’s Interview with The Gold Report – “Can Investors Still Find Tenbaggers?”

The continuing strength of the U. S. dollar is bad news for the price of gold, and Eric Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce. This, of course, is bad news for gold miners and explorers. But in this interview with The Gold Report, the publisher of Hard Rock Analyst counsels that even in a bull market, investors are advised to seek out potential tenbaggers, and presents several companies in gold, base metals and uranium with the potential to flourish even in hard times.
The Gold Report: You told The Gold Report last year you were “neutral” on the state of the U. S. economy. Since then, the headline unemployment number has improved. Even so, asDavid Stockman, former director of the Office of Management and Budget, says, there have been no net new jobs created since July 2000, and jobs paying over $50,000 per year have disappeared by 18,000 per month since 2000. What is your view of the health of the U. S. economy?
Eric Coffin: I’m more positive than neutral these days, but I do agree somewhat with Stockman. As unemployment falls toward 6%, we would expect an increase in wage gains. But we’re just not seeing that. And five years into the latest expansion, we’re not seeing the economic growth spurts that tend to occur coming out of a really bad recession. I don’t see how the U. S. economy keeps reproducing the 4% Q2/14 growth if we don’t see higher wage gains and higher paying jobs created.

This post was published at GotGoldReport on Saturday, September 20, 2014.