This years attendance at the gold show was probably off by 25%. What struck me the most was the lack of conviction in market views. It seems like all the newsletter writers are starting to hedge in lieu of some market miscalculations. Many of the same folks that have predicted the market meltdown now seem to be growing cautious in their forecasting. Nobody wants to risk their reputations by taking previous dire predictions to the next level of down tick on the DOW. However; I give them some latitude in the wake of enormous economic stimulus provided by governments which logically speaking should give lift to the markets once funds find their way back into equities.
I enjoyed a brief chat with Ron Schorr of Maudore Minerals. He's a quiet man whom has been working diligently at proving up a high grade gold resource in Quebec. Gordon Keevil of Selkirk Metals spoke eloquently on his zinc project near Revelstoke, B.C. He is confident of his ability to put this in production with a partner and believes that the metallurgy is simple.
As usual, Jay Taylor was a shining star of the event speaking with the sincerity and charisma that has put him on television and internet radio with his commentary.
All and all, it was a worthwhile venture out this past Saturday. The crowd was older and subdued - undoubtedly shell shocked by market events.
