Host
Chris Waltzek & Bob Chapman, The International
Forecaster discussion and answer listener's questions.
Bradford
Cooke, M.Sc., P.Geo. Chairman & CEO
Endeavour
Silver
Professional
geologist with 34 years experience in the mining
industry, specializing in the financing, acquisition,
exploration and development of mineral deposits.
B.Sc.
Geology degree (Honours), Queens University,
Kingston ON, 1976
M.Sc.
Geology degree, University of British Columbia,
Vancouver BC, 1984.
From
1976 to 1982, worked as project geologist managing
mineral exploration programs for uranium, base
metals and precious metals across Canada with
Noranda Mines, Shell Minerals and Chevron Minerals.
Between
1983 and 1987, owned and operated Cooke Geological
Consultants Ltd., discovering several high grade
gold vein deposits for clients in British Columbia.
In
1988, Mr. Cooke launched Canarc Resource Corp.,
a junior gold exploration and mining company
focused on exploring and developing prospective
gold properties throughout North, Central and
South America. Canarc successfully delineated
a 1 million oz gold resource at its core asset,
the New Polaris project in BC. and is currently
focused on developing New Polaris into western
Canada's next high grade gold mine.
In
2003, Brad formed Endeavour Silver Corp. for
the purpose of acquiring advanced high-grade
silver-gold projects in Mexico. Within six months
of acquiring the Guanacevi Mines project in
Durango, Endeavour discovered and developed
into production the new high-grade Porvenir
silver mine. Today, Endeavour is one of the
fastest growing primary producers of silver
worldwide.
Has
successfully raised over CA$250 million in equity
and joint venture financings for resource projects
since 1988.
Involved
in several grass roots gold discoveries over
the past 25 years.
Published
several geological/geochemical papers in leading
technical journals.
Member
in good standing of the Association of Professional
Engineers and Geoscientists of British Columbia,
The Canadian Institute of Mining and Metallurgy,
The Prospectors and Developers Association of
Canada, the the Association of Mineral Exploration
in BC, and a Fellow of the Geological Association
of Canada.
Upon
graduating from Harvard College and Boston University
Law School and passing the Massachusetts Bar,
Peter Eliades moved to New York City where he
entertained as a performer/singer and pianist
in Manhattan cabarets and off-Broadway musical
comedy. In 1967, he moved to Los Angeles and continued
his musical career. In 1968, with a lot of time
and curiosity and a little money, Peter initiated
his stock market studies. The motivation for those
studies was a book on stock market cycles written
by J. M. Hurst called, The Profit Magic of Stock
Transaction Timing.
In
1972, he began his financial career as a stock
broker. Peter never enjoyed sales, but he was
promised he could make daily TV appearances and
give market commentary if he became a broker.
This appealed both to his "show-biz"
side and his new-found love of market analysis,
so he accepted the offer, and appeared as a stock
market analyst on Los Angeles television station
KWHY, the nation's first financial TV station,
for several years beginning in 1973. Several times
in the fall of 1974, in a market that had seen
the average share of stock drop for almost 6 years
since December 1968, he predicted on KWHY that
a major market bottom would occur during the week
of December 9-13, 1974. The exact Dow low of 570.01
occurred on December 9, 1974. As a result of that
spectacular and well noted forecast, publication
of Stockmarket Cycles began in July of 1975. In
1982, he began a long string of appearances on
FNN, the nation's first financial network. He
made several notable forecasts on FNN, and his
forecast for a very important market bottom on
January 24, 1983, was widely noted for several
weeks prior to that date. On exactly January 24,
1983, the Dow ended a decline of over 8% and moved
below the 1000 level for the last time prior to
the start of what was a virtually uninterrupted
20 year run to the upside. There was an interruption
of note in October 1987, of course. It was a 2
day crash of more than 28% intraday. In a subsequent
report, the Wall St. Journal quoted Mark Hulbert
as citing Stockmarket Cycles as one of the top
two or three services in getting subscribers out
of the market in a timely fashion before the crash.
In
1985, the first year Stockmarket Cycles was rated
by the independent rating services, Peter earned
Timer Digest's "Timer of the Year" award
and placed second in 1986 in a close race which
wasn't decided until the final trading day of
the year. In 1989, Mark Hulbert (Hulbert Financial
Digest) named Peter as the "Most Consistent
Mutual Fund Switcher" based on his timing
signals for the years 1985, 1986, 1987, and 1988.
From January 1985 when Hulbert first started rating
Stockmarket Cycles, through August 1990, Stockmarket
Cycles had the #1 market timing record in the
country with a timing gain of 174.3% versus a
comparable gain in the Wilshire 5000 Total Return
Index of 119%. Peter repeated that winning performance
once again from June 1986 through June 1996. Over
that 10 year period, Stockmarket Cycles' Fidelity
Select mutual fund portfolio was the leader by
a very substantial margin over all the other rated
mutual fund portfolios in the country. The September
1996 AAII Journal (American Association of Individual
Investors) published a rating of the performance
of 27 mutual fund portfolios from the country's
best known newsletter writers from June 1986 through
June 1996. The average annual gain of the other
26 portfolios was 9.13%. Stockmarket Cycles' Fidelity
Select Portfolio showed an annualized gain of
16.50%. The nearest competitor was at 12.49%.
During the 2000-2003 bear market, Stockmarket
Cycles performance was again #1 as tabulated by
Hulbert with an annualized gain of 13.9% in the
face of an S&P 500 loss of 43.4% from March
31, 2000-March 31, 2003.
In
the March 22, 1999 issue of Barron's, Eliades
wrote an article that was greeted by guffaws and
ridicule by the great majority of analysts and
investors. Just as the Dow was approaching 10,000
for the first time in history, Eliades stated
it could be years, even a decade or more before
10,000 was breached significantly. The epilogue
of that story is now history.
In
2001, Peter was honored by the MTA (Market Technicians
Association) with the prestigious Charles Dow
Award for excellence and creativity in Technical
Analysis.
Mr.
Eliades was a regular weekly panelist on ABC Network's
weekly Sunday show, Business World in the 1990s,
and has made frequent guest appearances on FNN,
CNBC, Wall Street Week, Larry King Live, and Nightly
Business Report. He has been featured in some
of the nation's most prestigious publications
including Barron's, The Wall Street Journal, and
Forbes among others, and in a cover story in Futures
Magazine. He has authored articles several articles
published in Barron's.
In
recent years, Eliades has directed his attention
to the development of trading systems, but has
remained deeply involved with studying and developing
technical indicators for analyzing the stock market.
He has recently started a hedge fund, The Plutus
Fund, based on cyclic patterns in the market.
