gold news

 [Music] [Music] I'm Charlotte McLoud with investing news.com and here today with me is Jeff Clark editor of perer prospector thank you so much for being here great to have you thanks for having me back Charlotte it's great to be here yeah of course really good to be catching up in person and I want to look all the way back to the convers ation we had here this time last year yeah so you were telling me at that time that when somebody like Jennifer amston is calling you to ask a vocal that's when remember that okay I

that was a good one so that's when you'll know we're at the top so I have to start by asking has somebody like this called you yet no no Jenifer Anon has not called or anybody like it so we're safe for now um that will only happen when things go absolutely crazy gold and gold stocks in particular when you you know we're seeing doubles and triples and 10 Baggers and all that kind of thing so uh but I will tell you Charlotte if she calls I'll let you know please do let me know and that's just to

give us a bit of an idea where we are right now in this cycle so with that in mind do you have a gold price forecast for 2025 since we're at the beginning of the year oh I think it easily goes to 3,000 you know we are in a bull market it started in my opinion on leape Day last year 2024 because the day before the FED said hey we're going to end up cutting more than we think and uh the gold price ignited that's since changed with the FED but the gold price has not looked back so we are in a bull market

now it's simply a waiting game until the stocks begin to catch up to that yeah I think it feels strange to say this but 3,000 does feel pretty pretty attainable right now yeah so for gold top factors that you'll be watching this year when it comes to price influencers oh geez it could be anything it could I mean you know a lot of people still talk about the debt something could happen there it could be uh geopolitical it could be political um it could be some type of Crisis the great thing about gold is you

just need to own a meaningful amount that would have a positive impact on your portfolio normally a hedge against other things that are falling and that and then you don't need to worry okay what what's the next uh Catalyst going to be or what's going to happen next what could the crisis be you know what I went back and looked at all the crises for since the 1970s and almost half of them were black swans you you can't predict what's going to happen so you just need to own enough gold uh

to make sure you withstand whatever comes our way yeah so it's not about predicting the Black Swan it's it's knowing that it will something will happen exactly and I think something will happen we're going to have another crisis again whether it's related to debt or something monetary Financial geopolitical there's a lot of vulnerab abilities out there that could positively impact the gold price and and give us that hedge that we all look for with the gold price yeah I was sitting

in on some of those geopolitical panels downstairs today so definitely there's there's so many different things that could happen how how could you possibly know so let's let's take a look at Silver as well because I know you're going to be on the Silver Outlook panel here at VC coming up so silver definitely made Moves In 2024 but I know there's disappointment from investors that it didn't move higher so this year are you looking for a break coach yeah gold was up last year as we all know was

the second best performed major asset class behind the NASDAQ and the third was silver so silver underperformed gold um but that's typical in the early stages of a bull market this bull market again in my humble opinion is less than a year old and it's typical for gold to lead silver to lag but before the bull market is over I think as many of the audience know silver tends to outperform going on a percentage basis so that's still ahead um so does that happen this year um I don't know you know to be honest I don't

want it happen too fast because silver is so darn spiky you know and those spikes the longest one was like 13 months so I I want this to be a slow building strong bull market um but I think Silver's going to end the year higher as will gold in my opinion and the silver record will follow sooner or later yeah I think I think that's the thing about a silver price move is that when it comes you you know you're getting closer to the end right uh you could be there were actually two big spikes in that bull market from 08 to

2011 um uh but yeah the issue with the spikes are they they're very big they tend to be very big the average is a double in the silver price but it tends to give a lot of that back right after the spike is over doesn't mean the bull market is over but that Spike tends to you know ease off so um does that happen in 2025 it easily could does it wait till 2026 or later it easily could you know I just want to be prepared and that's the message to investors you have to be in before that happens because

it's so quick it's so volatile uh it's so violent that that when it ignites that if you're not in you're going to be chasing it at much higher prices okay okay thank you for going into that and so of course we talked about we're here at the I but I know that you also presented recently at the metals investor forum and I want to bring that up because you had such a great presentation title so it's my psychic gave me the answer to your number one question about Junior mining stocks and

I have to ask about that I didn't get a chance to see it what what was the question and and of course we want to know the answer briefly if it could the number one question every Mining stock investor has right now especially if you're in the Juniors is when is this going to happen well I presented a chart uh one of the charts that my psychic gave me was a chart that showed um all the uh lengths of the down Cycles in Gold stocks not gold but gold stocks so the period how long did the down Cycles

last the period from the last High to when it started up again uh there was a big range the average is about two and a half years but the longest one is 4.4 years we are currently as you and I talk at 4.3 years and the so we're at the second longest down cycle for gold stocks So that obviously means we're very stretched and historically it's saying that we're near the end of this thing the down cycle so I'm I'm personally being fairly aggressive in in buying I'm so being selective and all

that but I'm not holding back and when I find something I like that you know I'm going to buy it uh because I do think that this down cycle is coming near its end well that's very interesting so when people are are feeling like this is taking a while that's actually by the numbers that's accurate this is taking yeah I mean look gold and gold stocks especially cycle they have big run-ups and they have big draw downs and I have a chart in the book perer that shows these cycles and how big the up Cycles

were and how big the down Cycles were you know and so we're obviously in a down cycle we're approaching it you know the end of that so um it's time to be uh you know aggressively selective let's put it that way okay okay very good and so looking more closely at the Juniors so we're we're waiting for this to happen one thing I've started started to hear from various people is you know in a bull market go for example we expect them to see those across the board gains but I've been starting to hear maybe

it's not going to play out quite like that this time maybe it will be those select ones and some get left behind would you say that's accurate I think that'll always be true to a certain extent um when I looked back at the 1970s I actually sent my nephew to the library and he had to use the microfish tool you know to look it up because there was no you know it wasn't digitized back then but he found dozens and dozens of examples at stocks that on average went up 4,000% amazingly there were also stocks

that lost money during that period of time for whatever reason and so you're always going to have to be selective um but I think the the gains that we could see could match what we saw in the 1970s okay and I think everybody always wants to know favorite stocks we're here at v i any any companies right now that you would me can be gold or otherwise maybe just to be thematic any that are down on the show floor oh I think um I don't know exactly who's here and who's not but one that um I'm particularly

excited about is Helio star medals um great story there that's on our free site you can read our analysis for free another one is Rison mining I really like them aggressively drilling that's on our free site as well um oh my gosh and we have copper and uranium so so there's a lot there on the site um uh both free and then in the paid newsletter which is a little more aggressive yeah so we'll we'll include the links so people could go take a look there and I know you're active on

Twitter talking about the companies as well so just to get a little bit current events here so we're talking Trump is set to begin his second term as president very imminently right now there's a lot of I think uncertainty but also a lot of optimism about what this could mean for the mining Industries so does that change change your investment Approach at all is there anything that you get more or less interested in the the good thing about what Trump will probably do at least what people believe

he will do is he'll streamline permitting development anything around that I don't think he's going to destroy the environment I think he's going to streamline things because some of the permitting timelines can be long um Nevada is pretty good but you know everywhere else um it it can be long um so I think that'll be good um what could be potentially bad is if you know if the tariffs really do kick in the way that people believe that's probably going to raise inflation which will raise cost to

not just producers but the developers and even the Juniors so there's a a balance there you know I think all in the end it'll all work out bottom line though it doesn't change how I select a stock you know I have my criteria I'm I'm looking for who is best the best in my opinion and I'm still going to buy them regardless of what Trump may or may not do yeah I think that's a good way to look at it CU there can be a tendency I think to change your strategy based on these events that are occurring so that

makes I wouldn't because you know what a discovery is still a discovery Amar resources look at what happened to them you know they went up 171% the other day uh in one day on you know one drill report and they have more coming out so that's the kind of thing that can happen and that will still happen regardless of what Trump is doing so that's what I'm focused on yeah it makes a lot of sense and now I feel like I know what you're going to say but I want to bring up Canada as well because

we're here at a Canadian event we've got people thinking a lot about the impact of the terrorist but also thinking about change in power in Canada because we had Justin trudel where Z we're waiting for our new prime minister probably we're going to get an election sooner than later so any any thoughts on on that up here I I think permitting is is taking long than it you know re reasonably should so hopefully whoever gets in office will take a little little bit more reasonable approach to permitting

uh there are many investors I know um that won't invest in certain provinces and I'll leave them unamed um just because of the permitting problems and and things like that so um I would like to be optimistic um I don't know that Trudeau I'm not a Canadian but I don't know that he really helped the mining industry that much so uh but again I I think in the big picture I'm still going to focus on best of vest and that may be include looking at certain provinces um you know Canada is still a

very rich uh country with resources so you know I still want to invest here and and so politics will be part of the consideration but it won't be the only consideration okay okay yeah thank you for for going into that even as as not a Canadian I appreciate that so I think this is a fun question see if it will be fun I like to add this one either at the end of the year or beginning of the year as we're looking forward into 2025 what do you think will be the best performing commodity oh that's a good question um

be gold or silver I don't um I think gold probably will still lead silver um so I think I would choose gold U now that doesn't mean I'm ignoring silver but your question I think gold and secondly I think copper might be the sleeper here you know a lot of people have been talking about it but the price hasn't move that much I think 2025 could be a good year for copper so I'm focusing on those metals and uh probably uranium as well uranium might be the runner up here you know the third place

um and I'm looking at the equities you know uh selectively in those Metals yeah I've been starting to hear a little bit more talk about copper in 2025 is one that might be a standout do you want to briefly talk about the case for copper because previously I think I was hearing from a lot of people oh that's like a longer term kind of story it is a longer term story but that doesn't mean it's not a short-term story too we're coming up to where demand is going to exceed Supply very soon it has political

backing because it's green energy uh it's electrical anything electrical was requires a lot of copper there's more copper believe it or not in an EV then there is an internal combustion engine vehicle a lot of people don't know that so the demand is going to exceed Supply it has political support it has green energy support so it has pardon me it has all the head you know or excuse me Tailwinds behind it that could make it a good year so we have that support and now our job is to go out and find who

the best you know copper companies are yeah yeah okay that'll be that'll be a task for 2025 for sure so as we as we wrap up I know you've got places to be any final thoughts you leave investors with heading into the new year oh I think you have to be long I I think a we're in a bull market B the downtrend in Gold stocks is uh near record levels so doesn't mean it's going to start you know this month but you know we're very stretched in the the length of the down cycle of Gold stock so I think you have

to be long make sure you're balanced uh but this is a great time to be a Speculator especially with how beaten up some of these stocks are okay I think that's a good place to end it on and definitely we'll be checking back with you later in the year to see how things are playing out so thank you for being here yeah absolutely thanks for having me Charlotte of course and once again I'm Charlotte McLoud with investing.com and this is Jeff Clark with perer prospector thank you for watching if you

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