welcome back to our weekly update I'm Charlotte McLoud with investing news.com and this time around we have a special video for you as we close out the year I asked experts to share their dues and don'ts for investors as we head into 2024 let's count down the five points they [Music] listed many of the people I spoke to emphasized the importance of Simply being invested in the resource space right now especially gold and silver here's how veteran investor and Speculator Rick rule of rural investment


media explained it if you believe in a bull market in precious metals and commodities if you believe in that start by investing don't buy the penny dreadfuls if you get a bull market the best countries the best companies in the Commodities will give you doubles and triples in other words if you believe that we have a continued bull market in oil over the next 5 years Exxon will give you a triple you don't need to come into into a Penny Dreadful so if you're buying a bull market in Commodities you


don't need to buy the Juniors buy the Juniors because you believe that there's some event internal to the company where they can add a Quantum increase in value pay less attention to the market pay less attention to the commodity and pay much more attention to what that company's doing unless you can find a commodity that is so dreadfully out of faith that it's going to come back of its own valtion Brian London of gold newsletter made a similar Point saying that we're staring down at


generational opportunity in junior mining stocks this is what he had to say so the DU I would say is if you're not already invested in the sector get a a a position you know not individual individualized investment advice but generally speaking be in this sector because when it turns it's going to turn quick ly in part uh the don't is don't give up don't give up on it you know we're in that that part of the Year where uh you can take some tax losses Etc you need to do your individual


portfolio management but when it turns and I I think it is imminent I did think it's a generational opportunity when it turns is going to turn very rapidly so do be involved don't be completely out of the sector Gwen Preston of resource Maven also commented on how crucial it is to have exposure to gold right now but she said she's exercising caution when it comes to base metals and in the energy sector she sees a lot more room for Uranium to move in the next 6 months I do think that that will change so I


would I would encourage exposure to Gold I would say don't right now get overly excited about the base metal opportunity this will happen the supply deficits for copper for nickel these things are very real but but they are not going to become investment opportunities until the investing Community is confident that we're moving towards a growth path right now instead the questions are what's what are the risks are we heading to a recession what's right so we're not going to see that as an investment


opportunity until we're on a growth path so be ready you certainly figure out which stocks you like but I wouldn't get overly excited about the base metal opportunity in the near term so consider your gold get exposed to Gold don't get excited about base medals and know that there's a lot more room in this uranium Market yes the price has already gone up 50% since the midsummer yes there's a lot more room left in this uranium market in terms of how to identify companies with potential Jeff Clark of


the gold advisor.com said he's looking for stocks with the two C's cash and Catalyst he also described a strategy he uses to weed out stocks in his portfolio that he may need to sell yeah I I mean I think you need to look at company that have the two CES uh that's what I'm doing I have a you know a thing on the site that uh the three legs of the stool that you need to look at to evaluate companies I think the opportunity is tremendous right now I don't know that the bottom is in for the Mining stock


when sediment turns when sediment turns you're going to see doubles and triples like really quick and and they'll still be undervalued you know so clean up your portfolio get rid of the ones that you think just aren't going to do it a fun exercise is what if I told you you had to cut your portfolio in half all the mining stocks you own you have to cut it in half now I'm not saying you have to do that but I'm saying going through that exercise really helps you crystallize what who are the best in my


portfolio the most likely to to participate in the next uptrend finally silver gurer David Morgan of the Morgan report said that while precious metals are a key portfolio component investors should remember to stay balanced well I would say I've written about in the past it's called the 10 rules of silver investing it applies to Gold it really applies to almost any really and that is um keep it simple keep it sincere you don't have to overload in the precious metals to be well protect 10% probably


more than enough for almost every uh there are opportunities and look to you know solve the problem you know and if you agree with me that energy do your own homework find somebody that's very studied and learn so you know part of the solution is if I invest with this XYZ you know Solar Company or this SMR company or this uh hydrogen uh experimental company or whatever I'm helping myself because I'm going to make plan to make money on it and I'm also helping Society at Large because this new hydrogen based fuel


cell is going to be so much better for the environment and for uh mitigating the energy crunch that's that's up ahead I believe David you can find the links to the full interviews with Rick rule Brian London Gwen Preston Jeff Clark and David Morgan in the video description if you'd like to hear more that's all for this week if you like this video make sure you subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below we'll see you next [Music]


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