display of stock market quotes

Peter Grandich of Peter Grandich & Co. said the general equities space is "as expensive, as complacent and as risky" as it's been for his 40 years of involvement.

Peter Grandich: General Equities Risky; Gold a Safe Bet, Uranium Has Room to Run youtu.be

Sentiment surrounding gold may have dimmed this year with the price below 2020's all-time high, but the yellow metal is still a much safer place to be than the general equities market.

That's according to Peter Grandich of Peter Grandich & Co. Speaking to the Investing News Network, he said the general equities space is "as expensive, as complacent and as risky" as it's been for his 40 years of involvement.

The question of course is when this major financial bubble may burst.


Timing is tricky, but Grandich said investors should look at the market and consider whether they would enter it today. "If you're hesitant or even worse, then that's telling you right then and there," he said.

"I don't know what date or time (the bubble will burst), but it's certainly not the time to be aggressive, or beginning (a general equities portfolio)," he added. "Really for a lot of people, you should be looking for some sort of exit."

He remains interested in gold, and pointed out that the time to enter the market is when sentiment is weak.

"The very least I can say about gold and silver is I have far less fear of losing principal right now owning them than I do the equities," Grandich commented during the discussion. "I think now we're getting to the point where there's ample opportunity to make money, both in the physical bullion and especially in the mining shares — and especially the majors, who I never have witnessed make such an amount of free cash flow."

The uranium market is also an area where he sees potential in producers, and Grandich noted that the space is fairly unique in that there are such a small number of miners available to invest in.

He pointed out that utilities will eventually have to do deals with these big companies. "That's why I've always felt that at the end of the day, the Camecos (TSX:CCO,NYSE:CCJ) of the world you start with first," he noted.

In terms of where uranium is headed moving forard, Grandich said it still has lots of room to run, although the easiest money has perhaps already been made. "It's still a great story. It's past the early stages, but at best it's maybe the third or fourth inning of a nine inning game," he said.

Watch the video above for more from Grandich on gold, uranium and his other areas of interest.

Don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, 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.

Featured
Kirkland Lake Gold Ltd. today reported that the Company has been advised by the Environmental Protection Authority Victoria of the Victorian Government that the EPA has determined that low-level frequency noise is being emitted by the Fosterville Mine. The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from ...

Kirkland Lake Gold Ltd. (" Kirkland Lake Gold " or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today reported that the Company has been advised by the Environmental Protection Authority ("EPA") Victoria of the Victorian Government that the EPA has determined that low-level frequency noise (in the range of 16-20 Hz) is being emitted by the Fosterville Mine.

The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from the mine. Included within the notices are stated timelines covering a period of just over two months for investigating and resolving the issue of low-frequency noise as well as reporting to the EPA on modifications introduced and new testing completed. In addition, the EPA has indicated to the Company that additional action may be taken by the EPA that could result in restrictions on the use of certain equipment, primarily surface ventilation fans and surface drill rigs in the south portion of the mining lease, during the night, while the remediation period is completed. The potential impact of such measures on the Fosterville operations, should they be introduced, is currently being investigated.

Management at Fosterville has been aware of concerns expressed by residents in recent months regarding low-level frequency noise and has taken steps to evaluate and address these concerns. As part of these efforts, Fosterville commissioned two independent studies on noise levels produced by the mine. The studies were completed by accredited noise and acoustic specialist firms based in Australia, with both studies concluding that all mine generated noise was within regulatory limits.

read more Show less
Kirkland Lake Gold Ltd. today announced that at a special meeting of shareholders held earlier today the Company’s shareholders voted in favour of the arrangement resolution approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company will be acquired by Agnico Eagle Mines Limited for common shares of Agnico Eagle in a merger of equals for consideration per Kirkland Share ...

Kirkland Lake Gold Ltd. (" Kirkland Lake Gold " or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that at a special meeting of shareholders held earlier today (the " Meeting "), the Company's shareholders voted in favour of the arrangement resolution (the " Kirkland Arrangement Resolution ") approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company (the " Kirkland Shares ") will be acquired by Agnico Eagle Mines Limited (" Agnico Eagle ") for common shares of Agnico Eagle (the " Agnico Shares ") in a merger of equals for consideration per Kirkland Share equal to 0.7935 of an Agnico Share (the " Arrangement ").

186,840,773 Kirkland Shares, representing approximately 70.85% of the issued and outstanding Kirkland Shares as at the record date, were voted at the Meeting. The Kirkland Arrangement Resolution was approved by 150,681,106 Kirkland Shares or approximately 80.65% of votes cast by Kirkland Lake Gold shareholders either in person or represented by proxy at the Meeting. The report of voting results will be made available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov .

read more Show less
Agnico Eagle Mines Limited is pleased to announce that at a special meeting of shareholders held earlier today Agnico Eagle shareholders voted overwhelmingly in favour of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger with Kirkland Lake Gold Ltd. by way of a plan of arrangement under the Business Corporations Act . The resolution was approved by ...

Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (" Agnico Eagle ") is pleased to announce that at a special meeting of shareholders held earlier today (the " Meeting "), Agnico Eagle shareholders voted overwhelmingly in favour of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger with Kirkland Lake Gold Ltd. (" Kirkland Lake Gold ") by way of a plan of arrangement under the Business Corporations Act ( Ontario ) (the " Merger ").

The resolution was approved by approximately 99.86% of the votes cast by Agnico Eagle shareholders at the Meeting, with a shareholder turnout of 69.62%. Detailed voting results for the resolution are as follows:

read more Show less

MARKETS

Markets
TSX21199.95+74.05
TSXV953.75+9.70
DOW35231.77+332.43
S&P 5004667.70+73.08
NASD15806.95+315.29
ASX7279.30-128.00

COMMODITIES

Commodities
Gold1782.71-12.54
Silver22.80-0.50
Copper4.34+0.05
Palladium1794.00+9.50
Platinum977.50-2.50
Oil71.30+3.15
Heating Oil2.19+0.10
Natural Gas4.89-0.59