RE: Bullion vs. Gold Stocks Sidbear, some of what you say does sound like Paul, and I think it is correct to say many speculators know very little about what they are invested in. Just ask anyone who touts a stock what the market cap is, and you'll be surprised how many times there is no clue. Just follow some of these forums and you'll see hoe litle people know. There are a few Coach's on the BB's, but not many.
However, I think you have mis-quoted Paul and you certainly can't be familiar with his view on the market to say that he thinks gold stocks are all going to tank. I've talked to Paul van Eeden about his views and read his analysis of the market in general and certain speculations. I've never had the feeling that he thinks gold stocks are going to tank. In fact, it is mvho, that he is one of the best analysts out there and puts his money where his mouth is - and that's in the junior market. Mag Silver, Gammon Lake, Wolfden, Almaden, Altius, Radius, are just a few of his past recommendations that are all way above his recommendation. I'm not leaving out a bunch of bad picks on purpose, I really can't think of any that come to mind. He has suggested taking profits on some of his picks that were up huge, but that doesn't make him a bear. Paul is still actively seeking good speculations and just recently added White Knight (wkr) to his list.
I do know he is a little more conservative than some. I'm sure hanging around Rick Rule for so long has influenced him, and Rick is a huge player that knows when to write the cheques, but some would say he takes the cheques too early. I've talked to Rick Rule on many occasions and I believe he pretty much sells half at a double no matter how good the story. I think Paul and Rick Rule are true value players; thus, this kind of bull market gets difficult for them to recommend stocks. The value simply isn't there compared to the past few years. However, we now have the market that we didn't have for so long.
Paul van Eeden is co-editor for Doug Casey's International Speculator. I think he brings a lot to the letter, with very in depth coverage of what he recommends. I do think it's fair to say that he is not as bullish as Doug, but that doesn't make him a bear either. I can see him thinking bullion has less downside at this level, but make no mistake he is very into the junior market, but very selective in his picks. I think he believes that those jumping in the market with a dart board approach may be very disappointed.
I have no problem with anyone not likeing Casey, van Eeden, or Rick Rule, but do think it's fair to at least express their thoughts on the market correctly, before the criticism.