Rick Rule to Eric King:

"Eric, I’m just back from PDAC and I think it’s a wonderful indicator. Reports said that there were 30,000 people present at the show. What was of interest to me was the level of panic present at the place. Would be issuers could not raise money, and service companies suggested that their order books were drying up.

At the same time, Sprott (the company) was approached by retail money, small institutional money, and some of the largest investors in the world saying, ‘We understand your message that selective stuff is cheap and we would like to participate alongside Sprott. We like the fact that you invest your own money.’ Understand that when I say, ‘largest investors in the world,’ I mean some of the biggest pools of capital and wealth on the planet that are looking to enter these markets.

So I just see this absolutely spectacular confluence of need and smart money, surrounded by broad, public capitulation in the sector. I can say without qualification, Eric, that this is the 30th PDAC I’ve attended, and from my personal point of view this one will go down as the most productive. That’s a strong statement because in other bear markets such as 1990 to 1992, and 1999 to 2001, PDAC was extremely productive for me.

Walking through the largest mining convention in the world that has all of the industry participants there, to cite the old movie, ‘The Good, The Bad & The Ugly,’ and to see the money avoiding the good, the bad, and the ugly, after the sector has been marked down 50%, is an absolutely unique opportunity as far as I’m concerned."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/7_Biggest_Wealth_On_Planet_Now_Entering_Gold_%26_Silver_Markets.html