I very much enjoyed the San Francisco Hard Assets Investment Conference. It was my first time in attendance to that particular show and my second time to the City by the Bay. Throughout the conference, there was a slightly detectable, bullish sentiment in the crowd which was quite refreshing. After the terrible bearishness at the Hard Assets New York May conference, anything would have been an improvement (if you recall how horrible the market was last May), however, I truly did detect a genuinely bullish "vibe happening man!"
Lay-investors and veterans alike were doing a lot of serious due diligence with the CEO's and enjoying the basement bargain prices in hopes of celebrating their profits when the juniors take off again.
I happened to run into Peter Schiff and got this impromptu interview. Peter discusses his opinion on the junior mining sector and how it will fare with his bullish views on gold and silver. He thinks that the market is beat up and the companies are suffering, but the people who get in now at these under-valued prices, will definitely reap the profits when things go "ballistic". (But when? WHEN????)
Peter is still bullish on gold and silver and asserts that hyper-inflation is possible and if we keep doing what we are now with monetary and fiscal policy, it is inevitable.
Thanks for listening and I'll see you next time at Gold Bull Report.
Disclaimer: I am not a financial advisor in this jurisdiction or any other. The comments made in this video and blog are opinion only and are not meant as financial advice.