Brent Cook says “We’re Close to the Bottom for Resource Stocks”

November 28, 2012

Exclusive from the San Francisco Hard Assets Investment conference, Al Korelin sits down with Brent Cook of Exploration Insights and chats about the opportunities that exist in the resource sector, as well as his predictions for the U.S. economy.

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    Nov 28, 2012 28:15 PM

    The amount of M3 that is that is available has to finds its way to assets. The assets then reflect how much money is in the system. Gold is the thermostat that is the honest measure of what is in the system. Result: Gold cannot go down and assets will be inflated to very high prices. But do not be fooled. While you cannot make money in Gold be aware that it also represents how much money is in the system. You have not really made anything but rather, have kept up with inflation. Central bankers hate Gold because it reveals the increasingly worthless values of their paper or electronic assets.

      Nov 28, 2012 28:52 PM

      Good point Jed!

      Big Al

    Nov 28, 2012 28:15 PM

    what was the name of that company Al? was it ggi.v? lol I’m curious if you can share

    May 06, 2013 06:50 PM

    Hmmmm, the GDXJ in late November was at about 26. Today in 6 Mayc 2013 it is 12.26. Down another 50% then since this broadcast…
    Are we near to the bottom yet, Brent?
    As an addition, the TSX-Venture $CDNX on stockcharts is down from about 1200 to 966, off about 20%, so the GDXJ has done espectially badly for some reason!