Eric King: “Give KWN readers an idea of what you see going forward once this bear phase runs its course.”
Rule: “What KWN readers need to remember is the money that you make coming out of this bear phase, if you were aggressive at the bottom, is truly spectacular. I have every confidence that if you and I are on the phone 3 or 4 years from now we will look back and say, ‘God, the spring of 2013 was the good old days.’
The money that you make coming out of these capitulation selloffs is truly astonishing. The other thing that readers need to think about is the set of circumstances that we are in today….
“They need to ask themselves if anything we are facing in the world today is any different than it was in 2010?
The only thing that has changed is that people’s attitudes have gone from aggression to fear, and the market expressed by junior (gold mining shares) is 70% cheaper. Nothing else has changed, which I think is very interesting.”