First Go, Go, Go San Francisco 49ERs. Now in the New Orleans Superdome Sunday 03Feb2013 Super Bowl Championship Game to hopefully be the winner and hoist the Lombardi Trophy. Each 30 second Superbowl AD costs a cool $4 Million. I have brushed off my beautiful red SF 49ERs Cap. Will wear it tommorow to the Resource Conference.
Now on to the Resource Conference Sunday Day 1:
Listened to various speakers including Eric Coffin, Brent Cook, Lawrence Roulston, Thom Calandra, John Kaiser, Danielle Park and Rick Rule. If you are interested in junior resource stocks; you will be familiar with all these names except Danielle Park who is mainstream 'preservation of capital' focused.
Rick Rule, a very seasoned and expert on resource stock investments is now part of the Sprott Asset Management Team. I have mentioned Danielle Park in the past and she needs no furthur intro.
My take-away for the day was from a combo of observations by Rick Rule and Danielle Park.
There is now a HUGE Divergence between the SP500 and the TSX Venture Exchange Index's.
Danielle Park thinks the SP500 is overpriced and due for a major bear market correction and buying opportunity.
Rick Rule compares the two index's like walking down a shopping mall strip. On the left side are the TSX Venture Exchange stocks on sale at huge markdown's of 50-75%. On the right side are the still fully priced SP500 stock offerings. For Bargain Shoppers the Sell/Buy choice is Easy.
But take your time for the left side purchases. Rule and the other speakers still think it will be 6-18 months bottoming before the 500+ junior resource stocks with no drilling prospects including no cash go broke and are delisted.
Do your own analysis.
I have included longer term charts of the TSX Venture Exchange Index and the SP500 Index to help appreciate this divergence.
Wishing you Successful Investment/Speculation Trades.
Click image to expand.
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