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A bull in bear's clothing

BOYD ERMAN

From Friday's Globe and Mail

Latest comment posted at 2:51 PM EST 24/05/07

What gives Eric Sprott the vision to see opportunity in every discouraging trend? (Hint: It's a product you, too, consume) ...Read the full article

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  1. larry macdonald from ottawa, writes: Great article. Good portrait of Sprott the investor. Especially liked the detail on Sprott's approach -- reading voraciously of mainstream and non-mainstream sources to put together disparate bits of info. Interesting to contrast that with Avner Mandelman 's sleuth investing. Sleuthing is great and there is much to be said in favor of it, but would lurking about on the Nortel campus or coffe shop across the street have caught the tidbit about the analyst's report expressing concerns over CLEC's ability to pay bonds?
  2. James McDowell from Canada writes: Eric Sprott has assembled a good team, too. I enjoy reading and watching any of them whenever I can.

    Interesting that molybdenum has become a sector...sort of.

    Has anyone figured out what all the soaring commodities mean for a stubborn inflation that permeates first the materials, then the products, then transportation (fuel), then the cost of living and finally wages. I'm wondering if the little uptick we've seen in inflation is actually the beginning of a camel in this economic tent of ours, and just where it might end. I can't see how doubling the cost of so many commodities won't create a superwave where we might see 15 to 20% inflation over 4 years...not a pretty prospect.

    Not that Eric Sprott is causing this, but sure as heck he's benefitting his investors as the superwave is building up.

    I wish Eric would weigh in and talk about this issue.
  3. Jim Corrigan from Dundas, Canada writes: "Has anyone figured out what all the soaring commodities mean for a stubborn inflation that permeates first the materials, then the products, then transportation (fuel), then the cost of living and finally wages."

    I might be able to help. I think I've seen this movie before. It means, eventually, war. Global war.

    Perhaps not the conventional type that we've seen over the past hundred years, but something substantially different. Guerilla war, regional insurgencies, revolts, even economic war; a new type of global chaos, that I firmly believe we have yet to discover. Look around, it's already started.

    And that means that $60 oil, three years from now, will probably be cheap...

    JC

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