Last week, I trekked to Vancouver for the Sprott-Stansberry Natural Resource Symposium. I would characterize the mood of both presenters and attendees as “defiantly bullish” despite a four-year grinding bear market. They seem to think they’ve seen the worst the market can offer; now they’re riding it out, looking for prices to turn higher.
There were more than 500 attendees, 60 exhibitors and 25 speakers at the
conference. The headliner was Robert Friedland, a longtime commodity
veteran and founder of Ivanhoe Mines. In his main presentation,
Friedland made the bullish case for copper. And his view on natural
resources was upbeat. In his Q&A session, he said, “Either we’re
very close to the bottom or it’s the end of the world. And I don’t think
it’s the end of the world.”
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