Your trusted source for investing success since 2007. Renowned for our market outlook reports and investing guides.
VIDEO - Dr. Kal Kotecha: Gold Will Rise as the Market Falls - That’s the Endgame
Speaking with INN at PDAC, Dr. Kal Kotecha also talked about the performance of junior mining stocks in the current market.
Interview conducted by Charlotte McLeod; article text by Priscila Barrera.
Speaking with the Investing News Network at the Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Dr. Kal Kotecha of Junior Gold Report said that despite COVID-19 coronavirus fears, gold sentiment is still very strong.
“I predicted in 2020, 2021 we would have an economic downturn … (and) it is going to get a lot worse before it gets a lot better,” he said on the sidelines of the show. “Unfortunately, when there’s a lot of calamity, gold goes up — so I believe gold is going to rise.”
He also talked about the performance of junior mining stocks in the current market.
“What we have to realize is that out of 100 junior mining stocks maybe 10 are worth it … if we (also) look at good finances, good management teams, good properties, maybe three are worth investing in,” he said. “I believe gold will rise, (but) the junior mining market will not rise that high at this point.”
He added that even though the market has sharply declined, there’s a lot more calamity to come.
“Junior mining stocks will go where the stock markets go, but there will be some shining stars out there which people can invest in,” he said.
For Dr. Kotecha, the rise in the gold price tends to have more of a psychological impact than an actual impact on junior mining stocks.
Listen to the interview above for more of Dr. Kotecha’s thoughts on junior mining stocks, gold and how he is playing the market right now. You can also click here for our full PDAC playlist.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1956.16 | -2.44 | |
Silver | 23.16 | -0.03 | |
Copper | 3.64 | -0.03 | |
Palladium | 1713.17 | 0.00 | |
Platinum | 1087.26 | 0.00 | |
Oil | 69.25 | -0.21 | |
Heating Oil | 2.26 | 0.00 | |
Natural Gas | 2.30 | -0.02 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Precious Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.