Our partner site Energy and Gold.com recently had the opportunity to sit down with legendary precious metals blogger and investor Bob Moriarty.

Go and read the entire interview now!!! Here is an excerpt:

CEO Technician: Has there ever been a worse bear market in the junior mining sector than the recent 2011-2014 (?) cyclical bear?

Bob Moriarty: I don’t think so. You’ve got to understand how the markets have changed. There was a junior market 15 years ago but there were only 30 or 40 companies. Then because we had a bottom in gold and we had people pouring money into hedge funds and we had the internet all of a sudden we had 2,000 juniors. Well there’s not 2,000 mines out there that are worthy of putting into production and there’s certainly not 2,000 management teams. The industry got incredibly bloated and a lot of these guys who used to be running drills or driving taxis said “we don’t know what we’re doing but we can collect big money in paychecks.” So it was a combination of a whole bunch of things.

I don’t think i’ve ever heard of any market that has had a collapse as severe as this market with a lot of the stocks down 95, 96, 98, 99%. And certainly the baby got thrown out with the bathwater because there are a lot of great companies and good management teams and they got slaughtered too.

CEO Technician: How many more companies do you think we need to see go by the wayside before the bull market will relaunch itself?

Bob Moriarty: I’m not sure that’s significant. There are a lot of people who have managed to keep the doors open but they’re still incompetent, they’re still poorly managed, and they still have projects that are not worth owning. Rather than focus on the trash I think that investors should be focused on the really good companies and the really good management teams out there, and there’s a lot of those.

Click over to read the interview in its entirety at Energy and Gold.com