50 YEARS AGO — APRIL, 1938 WILL INFLATION LIFT THE MARKETS?

It is now a year since Canadian mining markets — indeed security markets the world over — began to flatten down. We in this country have been fortunate in that, despite our decline on the markets, our major gold stocks have come through in grand style. There is no denying, though, that losses in other types of mining stocks have been drastic.

It is pretty obvious that many of our younger mining enterprises are pretty thoroughly deflated with regards to the value of future prospects. In a word, they are selling ex-imagination. Reprinted from The Northern Miner, April, 1938.