He's the same clown that got on BNN and said RBY's ounce count would go down substantially because they didn't employ a top cut and the stock would take a huge hit. Not really interested in what he says, since he is clearly guessing and a bad one at that.
Reasonably good summary of the problem, but I don't like the ending...that there will be some good equities coming to the market in the near future. The implication is that they are not there now, and that some old-fashioned DD will show them. What he REALLY ought to say is that the chaff will be blown away and the good companies will be those left... such as RBY.