David Skarica: Gold and Junior Gold Stocks are the Only Game In Town
Collin welcomes back a regular friend to the show David Skarica who is the founder and editor of Addicted to Profits.
David says, “People are beginning to accept that gold is heading into a bull market,” and the Bank of America has recently stated that, “Even the Fed can’t print gold.” We are still waiting on the retail investor to shift into silver, and investors should look for mature juniors that have assets in the ground or large properties.
Bailouts will continue to drive stocks higher until this summer or fall when it is evident to everyone that the economy has not come back. We will have a deflationary bust as people sell off assets and then another massive round of money printing from central banks.
Time Stamp References:
0:40 – Feds Infinite QE and Gold
2:00 – Palisade charts on S&P/TSX Venture
2:30 – Juniors will attract speculative money
3:45 – Leveraged ETF’s and USO
6:20 – Retail people and silver.
8:15 – Juniors need investment.
10:00 – Serious issues not reflected in the markets.
12:05 – What will change this market.
Talking Points From This Episode
• Gold stocks will continue to be healthy.
• Commodity ETF Risks.
• Look for the mature juniors.
• This equity rally will roll over by fall.
David Skarica is the founder and Editor of Addicted to Profits, a popular newsletter known for its stellar performance in both up and down markets. Skarica entered the financial markets at a very young age and, at the age of eighteen, became the youngest person on record to pass the Canadian Securities Course. He is a regular speaker at trade and investment conferences in Canada and is a guest on the Business News Network (BNN), Canada’s flagship business broadcasting network. His work has appeared in publications such as the Bull and Bear Financial Report, Barron’s, Investor’s Digest of Canada, and Canadian MoneySaver. Skarica also writes Gold Stock Adviser, an investment newsletter for the conservative media outlet, Newsmax. David’s newest book, Collapse, is available on amazon.com.
Davids Twitter is @DavidSkarica