Greetings from Vancouver folks. If you had any doubts as to the strength of the junior resource markets, this show has put them to rest. Almost 10,000 investors showed up to meet just under 400 companies and the best newsletter writers in the business.
This could also be taken as a contrarian indicator that we are reaching a market top but I don’t see frothy prices in the juniors - certainly not like the Bre-X fueled mid-90’s. In addition, most retail investors I speak to are cautiously optimistic, a very good sign this market still has plenty of legs.
On the topic of newsletter writers, have a close look at the writings of Peter Grandich (www.grandich.com). He is paid by companies but I admire the fact the hand that feeds him does not dictate his market commentary. For example, despite having gold, copper and uranium clients, he has successfully called short-term tops in each of those markets and advised readers to take profits. It has cost him a couple of clients who felt they had been “betrayed” but it gained him far more credibility amongst readers and industry observers.
