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.
The next location was London, and Nick Williams and his wife, Fran, did their usual outstanding job. See www.SilverSummit.co.uk
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.
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.
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!
A crowd gathers to BUY, BUY, BUY precious metals. Yes, there was a premium, and these folks were happy to pay to have the real deal.
Looking further . . .
How much is that silver in the window?
Finally, for our Canadian friends:
ou most likely can make out this large Canadian Maple Leaf.
The mining companies at the Munich show did get good traffic, and most investors had not given up on their conviction that the precious metals arena is certainly going through a slump but longer term could prove to be one of the best places for wealth preservation and/or capital gains.
The trip was exciting and exhausting at the same time. The overall attendance was down slightly in London and about the same in Paris and Munich. I did not meet in the public arena in Zurich, only private meetings.
Hopefully, this will give you a brief taste of what took place at this year's European tour.
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It is an honor to be,
Mr. Morgan has followed the silver market daily for more than thirty years. Much of his Web site, www.silver-investor.com, is devoted to education about the precious metals.