An Introduction
- Meet Clive Maund
- Read Clive's biography.
Welcome to clivemaund.com, a website created to assist its readers in capitalizing on one of the big investment opportunities of this decade, namely the developing great bull markets in Energy and Precious Metals. These bull markets are expected to take gold eventually to much higher levels, and silver should put in an even greater performance, in percentage terms. With ever expanding energy consumption, the relentless upward pressure on energy prices can only be expected to continue.
Since the greatest opportunities will be presented by energy and mining stocks, which are geared to the price of their underlying commodities, this site focuses principally on the stocks in these sectors. However, as the chief determinants of the prices of resource stocks, oil and gas, and gold and silver will themselves be subjected to detailed analysis.
Gold’s entry into a long-term bull market followed a grueling 20-year bear market that ended with the appearance of a Double Bottom formation on the charts between 1999 and early 2001, also known as the “Brown Bottom”, after Gordon Brown, the UK Chancellor of the Exchequer, who with exquisite timing sold half of Britain’s gold reserves right at the bottom of the market. A steady uptrend in gold developed that continued until the middle of 2005, when the uptrend accelerated dramatically. Now, after racing up to a peak at about $725, gold is taking a breather, and although it may correct further over the next several months, it should in due course go on to break above the highs of May of this year. With the passage of time, gold’s advance should continue to accelerate as it follows a parabolic trajectory that becomes ever more steep until eventually, some years hence, it will culminate in a vertical meltup and very high prices, with the public clamoring for metals stocks. This will final the final top of the market.
Silver is expected to advance in parallel with gold, although as silver is more highly geared and volatile than gold, the percentage gains in silver can be expected to be even greater than those in gold.
With the world population continuing to expand and per capita consumption of energy also growing, the demand for energy can be expected to increase relentlessly, putting ever more pressure on finite energy resources. Therefore, apart from relatively short-lived countertrend moves, energy prices are set to increase steadily. This means ever greater profits for oil and gas companies, and promises continued long-term appreciation of oil and gas stocks. As the Precious Metals and Oil have a strong tendency to move in tandem, these resources are expected in unison most of the time, and propel resource stocks generally to higher and higher levels.