Roulston on stock prices and commoditiesThis was published today, an excerpt from the article that I think is interesting regarding commodity prices and stock valuations. Roulston is a sharp guy and knows the metal/PM mkts better than most:
""Roulston says he's not necessarily forecasting higher metal prices - and says speculating on the price of metals is not what he does. "My basic message here is that there is real solid fundamental demand for metals that is exceeding the ability of the mining industry to supply metals. There's not a lot of new production coming on stream in the near term, therefore metal prices are going to stay high for a long time."
As he wrapped up his presentation, Roulston pleaded with investors not to confuse speculating on a metal price with investing in an emerging company. "We don't need gains in the metals prices to see big gains in the values of these smaller companies when they're advancing deposits toward a level where they're either going to go into production for themselves or they're going to be taken over by somebody that will put them into production.," Roulston said. "It's just an excellent time to be taking a position in junior mining companies," he concluded.""
TOO BAD THE HEDGIES DON'T SUBSCRIBE TO LAWR.'S PHILOSOPHY ON INVESTING IN MINING STOCKS ....THESE GUYS KILLED THESE STOCKS AND WIPED OUT A FAIR AMT OF INVESTOR CONFIDENCE TOO.