Jason Meyer at Sprott on resource ECM: In 2011, the industry raised $1 billion; In 2012, it raised $0.7 billion; In 2013, it raised $0.35 billion - the lowest...

Jason Meyer at Sprott on resource ECM: In 2011, the industry raised $1 billion; In 2012, it raised $0.7 billion; In 2013, it raised $0.35 billion - the lowest in a decade. This year, the industry is tracking 15% below 2013 in flow-through funds raised. We are seeing a complete disinterest from investors. Meanwhile the picture for commodities and precious metals is still attractive, he says. Fears of a slowing demand for resources have been put to rest. Consumables - oil, gas, and base metals - look a lot better today than a year ago, in my view. Last year, the Eurozone was in recession. Manufacturing activity, which is obviously critical in the consumption of natural resources, was in contraction in every country except for Germany. Today, the Eurozone is experiencing positive GDP growth once again.