The David Lin Report · Thursday, July 16, 2026
Brent Cook observes a significant shift in market sentiment within the mining sector, moving from euphoric to cautious over the past year. He attributes this change to gold's price pullback from $5,000, noting that investor enthusiasm often mirrors stock price performance.
“The sentiment at the Rules symposium was very good, despite the fact that I felt that the sentiment overall in the mining sector is a lot more dismal compared to last year.”
“Recall that around October, November, when gold was trading around the same time, or the same price rather as right now, which is about $4,000, uh, the sentiment was a complete 180, meaning it was euphoric on the way up, and now everyone's super cautious, just because gold pulled back from $5,000.”
“When it's, uh, declining, depression sets in and and they become cautious and sell. I've got just human nature, which is, you know, kind of odd.”