Leon Cooperman is one of the best living investors. He’s the founder of Omega Advisor, a $4.5 billion hedge fund based in New York.

According to Leon, “This is the most difficult environment I’ve lived through. And I’ve been doing this for 41 years.”

Capital & Crisis editor Chris Mayer caught up with Leon at a value investing conference recently. Cooperman presented Atlas Pipeline (NYSE:APL) as one of his favorite ideas of the moment — a pick Chris previously recommended to Catital & Crisis readers.

“In my view, the oceans of new fiat money will chase scarce assets: energy and resources,” says Dan Amoss in The 5 Min. Forcast. “It will stave off the deflationary depression scenario, but not re-inflate the credit/housing bubble. This means the biggest reversal in resource stocks in history is likely soon.

The ‘financialization’ of the American economy is an era coming to a close, says Mayer’s Special Situations editor and commodities expert Chris Mayer.

So it’s back to the basics of wealth creation, to what Chris calls “the basics of owning and making useful things.”

It makes sense.

As Whiskey and Gunpowder’s Greg Grillot puts it, “A cow is a much better investment than a piece of over-leveraged debt.”

The Canadian Markets continued their retreat during Thursday trading with even the red hot potash plays succumbing to profit taking.

In a repeat of Tuesday’s action it was all about speculative potash plays during Wednesday trading on the Canadian Markets.

The Canadian Markets managed to rally during Thursday trading, as investors went bargain hunting after the recent sell-off.

The Canadian Markets starting the trading month off on a quiet note with investors electing to focus in on the bigger brand names.

Resource stocks rebounded during Friday trading on the Canadian Markets as investors nibbled on select issues.

The more speculative exploration stocks continued their bull run but profit taking dominated the big board during Friday trading on the Canadian Markets.

The legend of an untapped goldmine, teaming with treasures yet to be found, sounds like something out of an Indiana Jones sequel. But Chris Mayer has word of such an untapped mine, rich with bounty just waiting to be uncovered.