http://www.republicofmining.com/2009/03/04...dac-convention/

I'm a big fan of Don Coxe, and his work, so it is nice to see the link

Sorry to read that he was too ill to give the keynote at PDAC

"What’s happened in this decade is simply that a whole section of the world began to catch up to where we in the industrial world had long been, thereby transforming the outlook for the mining industry."

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Hy, Joe,
If you have a comment or reaction to the excellent links you post here...
Why not share them? It's good to get into the habit of summing up, and producing your own commentary

SEEING OPPORTUNITY - more from Coxe
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Not all the financial news is bad.

For example, in the United States, 90% of mortgagors are meeting their payments, and more than 90% of the eligible workforce have jobs.

Don’t believe Barack Obama, that this is a new Depression. Besides, he doesn’t believe it himself anymore, now that he has got three trillion dollars in spending approved.

It’s easy at a time like this, to focus on the bad side of things, but in fact this gives you a chance to regroup and reload.

So take advantage of the opportunities that are out there.

Take advantage of the opportunities to meet the people who have been building this industry and are going to be crucial to the future of this industry.

Take advantage of the opportunity to look at what can now be achieved because the prices of mineral prospects are back in buying range.

Who says so?

Notice that the very biggest metals consumers have already begun to place their bet on the future—the Chinese are starting to buy metal assets and they are paying very good prices for them.

Of course these are gigantic and well established, producing metal assets, but that tells you that the Chinese believe that the future that we’ve been talking about for all this time, is in fact going to happen.

WOW! Someone with something positive to say!

Actually, Adrian Van Eck is very positive in his outlook for the US economy.

"The next nation in the world to achieve 8% growth will not be China. It most likely [will] be the United States of America. We are now paying down our debts at a record pace and piling cash into money market funds and savings accounts. I am confident that one of these days Americans will discover that the US stock market is oversold to a level that makes most stocks the greatest bargains since 1949-1950. When that happens some of the money going into savings accounts will most likely begin to seep into stocks and will lay the base of one of the great bull markets of US history.
...........

Just since January savings in America have climbed at a shocking month-over-month rate of 33%. I am sure the Fed chairman would say this is far too much saving done much too fast. People will calm down by early summer, when they look at their bank accounts and realise that they have rebuilt their nest eggs big enough (four trillion dollars total) that they can return to a more normal spending and investment pattern. That is when you will likely see both auto and home sales snap back to a sustainable and healthy growth pace, even as the stock market climbs again.

As usual I am likely 60 days ahead of events with what I am telling you here. That has been my curse for the whole 40 years I have written Letters and Hotlines."

My comments: Time will tell. I have not followed him long enough to confirm that he has been prescient with his forecasts although my internet buddy assures me that he is never wrong (a dangerous comment to make about any NWL, IMO).