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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Sprott's Big Bear Event

Eric Sprott put together A Night With The Bears earlier this week. Here are links to their current opinions:

I see little value in "broken clock" prognosticators but I would agree that our financial system is broken and we have done very little to fix it so far. We live in a world of a nearly infinite money supply operating in tandem with a finite supply of energy and metals. China is aware of this and is rapidly deploying their US dollars into resources.

Currently, I see profitable opportunities in "stuff" stocks counterbalanced by a dangerously flawed financial system. When the financial system shakes, all the building suffer damage, not just the banks. For now, I'm enjoying the rally but I'm not convinced that we are out of the woods yet.