Peter Grandich: Gold Miners Will Strongly Outperform Gold
Tom welcomes a new guest to the show, Peter Grandich. Peter discusses why he called the bottom in gold in 2018. At that time, it was a very contrarian trade, as most investors had given up. The lack of exploration, coupled with the massive money printing, made this a relatively easy decision.
He feels bullion may still have a ways to run but mining equities will go even further. He expects a new period of M&A and interest from large funds.
The gold market remains quite attractive at these price levels, but some investors remain skeptical. This skepticism was necessary to put in an intermediate bottom, and today we are around $1900. This should bode well for gold in early 2021. When you start seeing parabolic moves in any market, you have to start looking for an exit.
He feels silver has just a bullish picture as gold and is not adverse to owning it. People tend to feel better with more quantity, but that doesn’t always work out.
Low-interest rates in bond markets are making for a losing investment, especially when factoring in inflation.
Commodity markets today may be at their most undervalued level in modern history.
He discusses why uranium is particularly attractive to him as the world wants to move to green energy. There are few producers left in the world and very few mines coming online. This sector is just getting started.
Talking Points From This Episode
- Finding the bottom in gold.
- Gold forecast.
- Inflation and Confidence
- Uranium and green energy.
Time Stamp References:
0:00 – Introduction
0:50 – Calling 2018 Bottom
2:04 – Identifying Trends
4:21 – Equities Vs. Physical
7:36 – Next Leg Up?
10:00 – 5k or 10k Gold?
13:06 – Silver Thoughts
15:00 – Gold & Inflation
19:40 – Commodity Bull?
22:02 – Uranium Supply/Demand
26:19 – Quebec Gold Rush
30:51 – Canada Gold Reserves
31:37 – US Elections & Spending
36:50 – Wrap Up
Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training. Within three years, he was appointed Head of Investment Strategy for a leading New York Stock Exchange-member firm. He would hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. He has spoken at investment conferences worldwide, edited numerous investment newsletters, and was one of the more sought-after financial commentators.
Grandich has been a member of the National Association of Christian Financial Consultants, The New York Society of Security Analysts, The Society of Quantitative Analysts, and The Markets Technician Association. He is an active supporter of Athletes in Action, the Fellowship of Christian Athletes, Good News International Ministries, and Catholic Athletes For Christ. Through Athletes in Action, Grandich assisted with Bible study and chapel services for the New York Giants and New York Yankees from 2002 to 2016.
His autobiography, Confessions of a Wall Street Whiz Kid, was first published in 2011 and is now on it’s fourth printing.
Peter Grandich currently resides in New Jersey with his wife, Mary, and has one daughter, Tara.