Sam Broom was a geologist from the Land Down Under and now finds himself living in Sunny Southern California working at Sprott as a broker. If you want to know what the rocks are really saying, Sam’s your guy. And he’s very bullish on the mining sector. Just take a look at the most recent COT report. And it’s been so beaten up there’s almost only one way it can go. And that’s before we take supply considerations into account. M&A is going to be big this year because the majors need reserves. They’ve been living off their own diminishing reserves for too long. Now it’s time to go out and acquire some. But it ain’t that easy. High quality discoveries have been declining for over a generation now and there’s no turn-around in site. Look for high quality companies with management who have succeeded again and again. And then buy them cheap, like right now. Take a look at the charts below.
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