'Global Meltdown Won't Last Long'

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“U.S. investors are becoming more interested in and knowledgeable of Canadian exploration stocks,” said Greg McCoach, editor of The Mining Speculator. “I expect American investors to flood into the market and that will lift it up.”

There were somewhat fewer attendees on the second and final day of the 2008 Vancouver Resource Investment Conference (unlike in the U.S., Monday was a regular working day in Canada)...

In one of Monday's mid-day speaker work shops, Greg McCoach, editor of The Mining Speculator, spoke for a brief 30 minutes on “Quality Opportunities in Junior Mining Shares.” Like almost all of the speakers at this year's conference, McCoach spoke to a standing-room-only crowd.

Distilled to its essence, McCoach's message was “Don't panic, weather the storm, junior mining companies will soon have their day in the sun.”

“I didn't expect things to get so bad so quickly,” McCoach said. “However, I don't think the downturn will last long. Some junior mining stocks will recover quickly, especially companies with great discoveries.”

“Precious metal prices will start to go up and precious metal stocks will go up with them,” he said. McCoach expects investment newcomers to invest in precious metal juniors, along with investors in the United States. “U.S. investors are becoming more interested in and knowledgeable of Canadian exploration stocks,” he said. “I expect American investors to flood into the market and that will lift it up.”

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