American Consequences - August 2017

When I can’t even use the restroom in peace, I knowwe’re at the top of the market... I know how “hot” an investing idea is the moment I step off the podium after giving a speech. If I draw a huge crowd right after speaking, and people are asking a ton of questions about exactly how to take advantage of the idea, then I know we’re getting close to the top. The craziest time was when the questions continued even as I made my way into the AN IMPORTANT UPDATE ONWHAT COULD BE YOUR LAST BULL MARKET... QUIZZED AT THE URINAL

The day before the conference, I went downhill mountain biking on the B-Line at Whistler – which is incredibly thrilling, to me, at least. And here’s a cellphone photo from the Sprott Boat Cruise we took after the first day:

By Dr. Steve Sjuggerud

What’s not to like about this part of the world, this time of year? This time around, I talked about the “Melt Up.” I shared this chart, which shows that the Nasdaq went up 100% during the final year of the last Melt Up... and that most of those gains really happened in its last five months. Take a look:

restroom – and even as I stood at the urinal. Then I knew the idea was at a top. I tell you this because I recently spoke at the Sprott Natural Resources Symposium in Vancouver conference. The conference is always a fantastic event. And the Vancouver area is my favorite place in the world in the summertime...

34 | August 2017

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