Any resource investor has to be wondering (hoping) if we are now near or at a bottom in this devastating carnage that one would have expected, given world events, to be an exception to the summer slump rule.

It certainly takes intestinal fortitude to hold on during times when company valuations are being slashed 60 - 90% from their highs, in many cases to a point significantly below cash in the bank.

My advice is to evaluate the companies you own closely. If they have reserves, are moving forward, are well cashed up, then maybe you need to not only hang on but to load up on cheap shares.

Personally I don’t know enough about each of the companies to make that decision on my own. One of the things I like about Casey Research newsletters, besides that they are ridiculously cheap, is the “best buy” reports at times like these.

The Casey writers let you know in no uncertain terms which companies are on sale to the point of “back up the truck”, which ones are at good entry points and which ones you should just hang on to - or outright sell.

That’s the kind of investment advice I need and appreciate from Casey Research.

Lately, even the Big Gold stocks have taken an undeserved beating and many merit additional buys at these levels. History tells me that I have a good chance of 30 - 50% gains by Christmas on many of these, and I am buying what I can afford.

While past performance is never a guarantee, the U.S. Government is pretty much guaranteeing that they intend to keep slashing the value of the U.S. Dollar and that leaves gold & silver as the ultimate currencies. The Euro sure doesn’t qualify.

And when a few more of boobus Americanus figure out what their government is doing to their financial health, there very well could be a stampede into precious metals and precious metals stocks like gold and silver miners/producers. When that time comes the reckless buyers will find out the hard way just what a limited supply of the desired metals and shares there is.

Don’t be left behind; when the train leaves the station it will be “batteries to power, turbines to speed” and anyone left at the station will just see dust.