By Paul Ferguson
“It was the best of times. It was the worst of times.” I just had one of the best weeks ever! And also, one of the worst. As an investor in the precious metals and junior mining stocks, it was one of those weeks that brought an unsolicited opportunity to find out what it is that you are made of, where the metals test your mettle, as it were.
By now – after so many of them – one would think that hair-raising corrections in the metals and related stocks would be handled as a matter of due course. Like half-time at a football game. A break in the action, an anticipated pause allowing those present to attend hit the hot dog stand or stretch their legs.
Instead, each of these episodes brings renewed feelings of horror, dread and the feeling that a) the correction will go on forever and b) your stocks will go to zero. Even though you know that it never does and they never do.
As an investor in start-up companies it was one of those weeks that brought the pure joy and visceral excitement that flow from a situation where a group of smart, capable and wonderful people, intersect with a tremendous business opportunity. And it’s no accident, either. I think it’s one of those “Law of Attraction” things.










On the Edge with Max Keiser – 06 February 2010
Continue reading On the Edge with Max Keiser – 06 February 2010