Thursday, November 3, 2011

McAlvany Weekly Commentary

Ian McAvity: Interview in New Orleans

A Look At This Week’s Show:
-The biggest mistake a gold buyer can make is to watch the price every day. Buy for the long term preservation of buying power and don’t watch it like a day trader would.
-Looking forward beyond the current currency crises, the ultimate currency solution will likely be a currency backed by a “Basket of Commodities” discipline.
-Harry Brown’s wisdom from days gone by still applies. Don’t ever bet the whole farm in any one direction. Build a correctly allocated portfolio based on a long term outlook and reallocate as necessary based on the big picture.

About the guest: Ian McAvity, CMT, has been writing his DeliberationsTM on World Markets newsletter for a global readership since 1972. He draws on 48 years of experience in the world of finance–as a banker and broker since 1961 and as an independent advisor and entrepreneur since 1975. Principally a technical analyst, Mr. McAvity has written on global inter-market relationships since the 1970s, including original research on relationships between gold mining shares and gold bullion. In the 1980s and 1990s he served as a director of many junior mining and exploration companies.
He has been profiled by most of the major North American financial media including the Wall Street Journal, Barron’s, and the Financial Post. Mr. McAvity has been a special guest on Louis Rukeyser’s Wall $treet Week, as well as on CTV’s Canada AM morning show and CBC’s Business World.


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