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Travel Diary: Chicago Resource Expo by John Lee, CFA 10/12/2007 Chicago Resource Expo (Oct 5, 6) I attended the Chicago Resource Expo last Friday and Saturday (Oct 5 and 6) where G. Edward Griffin, the author of the famous "The Creature from Jekyll Island”, was the keynote speaker. The Chicago Resource Expo (http://www.chicagoresourceexpo.com) was organized by Rich Radez and held at the Holiday Inn near Chicago’s O’Hare Airport. The conference really was just a one-day event as the first day started at 5pm with a reception and a panel featuring some good speakers including Clyde Harrison, Michael Fulp, and yours truly. I appeared on two panels, and each lasted about one hour. There were about ten companies at the conference and the crowd was modest. I estimate about fifty to one hundred people showed up. Picture: John Lee on the left with Greg McCoach, Michael Fulp, Ty Andros, and Clyde Harrison. After a welcoming reception on Friday evening, we started at 8:00 AM on Saturday. Here in the US, the average retail investor’s lack of knowledge and appetite for South American, Asian, and African ventures was quite obvious. Companies exploring in the US and Canada are well received. This is not necessarily a bad situation, as I can see a lot of pent up demand for these currently un-favored plays in the future. Edward Griffin gave a final talk to conclude the conference at 4:00 PM. Mr. Griffin is an unwavering scientist who pursues nothing but the facts on his favored topics with disciplined rigor. He talked much of collectivism, new world order, Clinton, Quigley, Cecil Rhodes, and the Council on Foreign Affairs. Mr. Griffin’s view is that United States has been secretly ruled by a few unnamed elites working behind the scenes. According to Griffin, these few privileged folks call the shots on world events, and influence/rule the public through central banks, media, and education system. His website can be found at: http://www.freedomforceinternational.org
On Sunday I moved to a new hotel in downtown Chicago and walked around. I went by the popular Navy pier (http://www.navypier.com/intro_animation.html), walked about Michigan avenue shopping district, and went to The Magnificent Mile for food and music. The streets were very clean and safe, and the people very friendly. Chicago is nice city, and is much better organized than NYC, LA, and Houston which round up the four largest US cities. Overall, we collected about 50 email sign ups from the conference; a few people were experienced investors in the junior market and own a number of companies that we also like (MXD, RH, IEC, CPP, and KNP). We also provided decent exposure particularly for GTQ and INI which are both North American plays. I would say American public interest in the junior resource market is very small at this time. This can be seen as either that we are hopeless, or that we have a huge untapped market ready to come in as soon as gold shows signs of life (i.e. $850). Next stop: Toronto Cambridge Conference on Oct 21 and 22. John Lee, CFA UPCOMING SPEAKING ENGAGEMENTS Gold & Precious Metals Hong Kong 2007 - Dec 4- 5 World Alternative Investment Summit, Montreal – Nov 5 - 7 Toronto Resource Investment Conference - Oct 21 – 22
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