During my recent trip to Europe we visited four main cities: London, Paris, Zurich, and Munich. My impression of each location varied, in relation to the current global economic climate and how the precious metals are behaving.
Paris
My first stop was Paris, and for me it is difficult to determine just how open-mindedly the two meetings were received. Some of the participants did stay after the general meeting to ask specifics about areas of precious metals and mining that I might be able to offer. My overall impression was that the French mainly have a wait and see attitude at this time regarding how well the precious metals will do over the next several months. Some of the feedback I received was that many junior mining companies are finished and those that might be able to make it would not see share price recovery for a year or so.
London
The next location was London, and Nick Williams and his wife, Fran, did their usual outstanding job. See www.Minesite.com.
A few investor comments will give you some impression of the Silver Summit U.K.
“Really good day at Silver Summit. Useful to hear from juniors, the speakers & great Q&A.”
Helena Pike, Investor
“Just a quick thank you for the day on Wednesday, I thoroughly enjoyed the event.”
Robert Weaver, Investor
“Thank you for a wonderful event and I look forward to the next happening!” Tobias Andreasson, Investor
Now for a look at some of the presentations . . .
First, my friend and colleague Mr. Ned Naylor-Leyland’s "Silver, Bailouts & Big Government"; see http://www.silversummit.co.uk/nednaylorleyland.htm.
In my presentation, I gave my overview of the silver market and had a few comments at the end of it; see http://www.silversummit.co.uk/davidmorgan.htm.
Zurich
After the London show I moved on to Zurich, where I met with some very impressive fund managers and a couple of banks. I will reserve comment on this for our members only, but suffice it to say the people “in the know” in Switzerland have not been moved to give up on the precious metals.
Munich
Finally, the last leg of the trip was to Munich, Germany, and here I had some very interesting insights. Basically, the Germans at this show had one thing in mind—BUY MORE REAL METAL!
