Pundit's Perspectives – Sun 25 Nov, 2012

Adrian Day, Avalanche of Investors Leaving Resource Stocks

Exclusive from the San Francisco Hard Assets Investment conference, Al Korelin sits down with Adrian Day to chat about the decline of retail investors in the stock markets. They talk about investors leaving the markets, and the future of precious metals.

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Al Korelin

  1. On November 25, 2012 at 6:35 am,
    Dick Tracy says:

    The US of A= “The Twinkie Economy”, wrapped in cellophane, soft on the outside, softer on the inside, loaded with fat producing artificial sweeteners and in bankruptcy. DT

  2. On November 25, 2012 at 7:53 am,
    Tom says:

    LOL at DT hilarious!

  3. On November 25, 2012 at 7:55 am,
    Tom says:

    isn’t there billions and billions on the sidelines waiting to be invested? Im starting to doubt that idea.

  4. On November 25, 2012 at 8:01 am,
    Tom says:

    Canada is in bad shape right now….everything is so expensive and people are piling on more and more credit card debt…more so than the Americans…The outlook is bad or really bad for the mid term at least…I don’t see a plan to fix it for the long term either…its getting harder and harder to make money in stocks…Im turning into a huge bear…my only confidence is in silver, gold, oil, pink gold, agriculture and water

    • On November 25, 2012 at 9:11 am,
      Greg says:

      Tom. Received aT.D.credit card flyer in the mail on Thur. Offering21% if i pay the minimum balance and 25% if not. Incredible rates//I wonder how many Canadians will get suvked in?

    • On November 25, 2012 at 10:33 am,
      Paul L says:

      Canadians are buying anything that starts with i (phones,tabs, macs that run less than half the speed of pc’s for the same price) on credit as well the christmas buying on visa now. They line up for hours and days for apple products not realizing that is less time spent on work and lower earnings. Put i in front of anything and the crowds will line up to buy it.

      • On November 25, 2012 at 12:22 pm,
        Greg says:

        Tom..great points,but the beauty of the Iphone is portability and online capability whereever you happen to be,for a measely $140 Cheap IMO.

  5. On November 25, 2012 at 8:47 am,
    Dick Tracy says:

    Hi Tom, I will say two thumbs up, especially the part about debt addicted Canadians and their smug attitude about it all. DT

    • On November 25, 2012 at 9:35 am,
      Brad H. says:

      Machine Gun, I’m Canadian (one of the conservative ones) and you are correct about some of the smug, untouchable attitudes on our debt ratios. There are still a number of very common sense, pragmatic Canadians up here though. Our Minister of Finance, Jim Flaherty is taking “some” of the right steps, but it still won’t end well. Pride comes before the fall, eh. Soooo, what to do about that? IMHO buy more silver, right Irish?

  6. On November 25, 2012 at 11:42 am,
    Tom says:

    Greg I’m ashamed to say but I am one of those idiots…put some of my wedding, honeymoon, T.V. etc… on it, now, including my mortgage and buying various thing I “need” to get by day by day…I am not saving a penny. The worst thing I have done to date is get a credit card…when I pay it off I’m going to cut it up and burn it. I also heard today that more and more Canadians are dipping into their RRSP’s to pay for things…not a bullish outlook for the future at all.

    • On November 26, 2012 at 10:35 am,
      Big Al says:

      No Tom it is not a bullish outlook.

      Trust me getting out of debt is very plausible.

      Big Al

  7. On November 25, 2012 at 11:44 am,
    cecil henry says:

    Canada is a disaster in terms of easy credit, excessive government confiscation, and a real estate market priced out of affordability for most people. (They still can pay though, they just get credit from banks and other savers who subsidize it)

    Canadians attitudes are sickening.

    • On November 25, 2012 at 1:58 pm,
      Greg says:

      Wow..Cecil..I had no idea regarding our attitude as” sickening”Are you referring to our politicians or the common canadian.TIA.

    • On November 26, 2012 at 10:42 am,
      Big Al says:


      I really hope that Canada does not have the same experience as we did in the U.S.

      Big Al

  8. On November 25, 2012 at 11:55 am,
    Tom says:

    I am seriously contemplating borrowing as much money as possible and double down on gold and silver….it just seems certain we will see $5000 gold and $200 silver…I really don’t want to work until I die.

    • On November 25, 2012 at 12:39 pm,
      Brad H. says:

      Tom, I hear ya. Many of us believe pm’s are going up in the mid and long term. I love leverage too, just make sure that if it takes pm’s another 3 to 4 years to really run, that you can afford to 1.) carry the financing if you are leveraged to the hilt considering also interest rates may possibly go up at the end of that period… and 2.) to stomach the inevitable major peaks and valleys (ie: wars with the bullion banks and phys market) during that journey to major new highs. Just my thoughts. I’m seriously considering going up to 90 percent in hard assets and miners.

    • On November 26, 2012 at 10:44 am,
      Big Al says:


      I an not giving advice when I say this.

      I would not take that action were it me.

      You do whatever you feel if right.

      Big Al

  9. On November 25, 2012 at 12:51 pm,
    benb says:

    I think people should be scared to put money in the market. Its crooked big time.
    Takes alot of time to find stocks you can buy in hopes of a profit then you have to get out quick in most cases and find another. Takes alot of time I find.
    Then there is that ever looming crash, or how about just a flash crash, I know if I wasnt a gambling junkie I wouldnt be in, i figure the market is better than a crap or poker game, cept with them ya get a fair shake.

    Tom, I asked Jim Sinclair that question, “should a person put everything into gold/silver and related stocks”. He said no, just accumilate your regular percentage and enjoy life.
    He could have said load up on TNX but he didnt even mention it.

    I really feel the best way to think about PMs is insurance. Think about it, how much your neigbour have? You rich buddy. A little junk for the “mad max” sinerio and just save money over currency as J.Turk says, has worked fine for me.

    I dont know about Canadian attitudes being sickening, like most people most are hooray for me and forget anyone else but otherwise they the same as the rest of the world. Totaly sheeple and havnt got a clue other than their specialty.
    Completly normal I think.

    • On November 26, 2012 at 10:47 am,
      Big Al says:

      Your comment is completely normal, Benb!

      Big Al

  10. On November 25, 2012 at 3:02 pm,
    benb says:

    I just read this, I guess this is J Sinclairs time to exit the states. His final straw.
    Sinclair states that the Constitutionally protected state right to create and maintain a state defense force is under the cross-hairs of the Obama administration, and that The moment you see these state defense forces under the control of the state governor disbanded, the end has come. The Constitution will no longer exist and the next day I will be writing you from Buckreef in Tanzania.

  11. On November 25, 2012 at 4:28 pm,
    Matt says:

    Jim is wise and fair counsel.
    I would add that if the US goes completely fascist against their own Canada is no longer a safe haven long term.

  12. On November 25, 2012 at 5:27 pm,
    benb says:

    I think it was D.Casey that said a few years ago that the whole continent of north america would get locked down. Eventualy, people will not be able to leave if they wanted to.

  13. On November 25, 2012 at 7:25 pm,
    Matt says:

    Smells really bad even from a distance.

  14. On November 25, 2012 at 7:28 pm,
    Matt says:

    Jim has homes in Tanzania and India.
    He has attempted to sell his home in Connecticut.
    One foot out the door while the majority are still stuck on stupid.

  15. On November 26, 2012 at 5:36 pm,
    John W. Robertson says:

    It was nice to hear Day expand a little more on his beliefs — I’ve always liked the guy but this was a great interview. It would probably be disliked, by the masses.

    I think Tom, you might be a bit hard on Canadians. After twenty years of Trudeau, another 10 of Mulroney, and Crooked-Tien, they’ve done their pennance of high taxes and are simply doing what most baby-boom led nations would if they could…spend. Though I’m not familiar with reckless offers of credit from TD.

    Where I think Canada walks on the edge of the abyss is, despite resources-in-reserve/capita, GDP/capita, etc., there’s just far too much Federal debt per person. Australia is walking into this trap too. Though undoubtedly the best to western economies right now, exports will curtail and baby-boom retirements will weigh the system, two factors likely to occur around the same time as the rest of the world reconciles debt. No one nation is going to escape the cyclone of debt. We’re just at low single digit interest rates too.

    Canadians and Aussies (and New Zealand) understand resources better than most, but there’s still a wide ignorance or refusal that there’s anything wrong with the dollar. Most folks I talk to still assert we should just print more money. I try to explain debt, exchange rates…they gloss over. “Who needs other countries; we’ll just trade with ourselves!” These people vote. (sigh)

    I’m more with Schiff…elections are won by the idiot vote. Or perhaps more accurately, the “what’s in it for me” vote. Of course, I guess that’s what politics is really about – distribution of resources in a way that favors (sorry, favours) one the most.

    • On November 26, 2012 at 9:04 pm,
      True Doe says:

      faveurs 😉

      • On November 27, 2012 at 5:32 pm,
        John W. Robertson says:

        Ah, c’est cas Mssr Doe.

    • On November 27, 2012 at 8:07 am,
      Big Al says:

      Great comment, John W!

      Big Al