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Mickey Fulp: Why Silver Won’t Follow Gold to New Highs

Tom welcomes Mickey Fulp of the back to the program. Mickey discusses the crazy valuations that have developed and what he coins “Market Covidicy.” He cautions that if gold or silver were to suddenly head multiples higher, you would probably want to have a bug-out bag by the door and a survival bunker nearby.

Investors should never conflate owning gold with having gold stocks. Mining is a tough business, and many aren’t focused on building stable companies. He focuses on projects in safe jurisdictions with a good rule of law and secure mineral rights. He particularly likes Nevada, where there are existing gold mines. He prefers large geological systems with faults that have developed over a long period of geological time.

Mickey discusses the potential risk coming from the next election and the techniques he uses to minimize risk and emotion in trades.

Time Stamp References:
0:40 – Covidicy and valuations.
2:20 – Outlook for gold.
5:45 – Gold price and exponential risk.
7:30 – Silver as an industrial metal.
12:30 – Gold and owning gold stocks.
15:00 – Choosing jurisdiction and risk
18:45 – Election risks
22:45 – Making money in bear markets.
25:30 – Trading methodologies.
27:45 – How geology led him to mining stocks.

Talking Points From This Episode

  • Gold and the crazy market valuations today.
  • Silver why it’s not a monetary metal.
  • Juniors and jurisdiction.
  • Trump, the Democrats, and risk.

The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and an M.Sc. Geology from the University of New Mexico. Mickey has 40 years of experience as an exploration geologist and mining analyst in North and South America, Europe, and Asia. In addition to his ongoing work as an analyst and newsletter writer, Mickey has written and spoken extensively on freedom, libertarianism, individual rights, science and reason, and pacifism. He operates a small farm in central New Mexico, raises beef cattle, free-range domesticated rabbits, and fruit trees and likes to hunt and fish. Mickey’s life philosophy is, “Do not tread on me, and I will not tread on you.”

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