VIDEO - John Kaiser: No More Excuses for Junior Miners

At this year’s Prospectors and Developers Association of Canada (PDAC) convention in Toronto, the Investing News Network sat down with John Kaiser of Kaiser Research to talk about the resource space.

Kaiser said that in the first quarter of last year, the markets saw a massive volume in trading dominated by the cannabis, cryptocurrencies and blockchain stories.

“All those are momentum-type places, the crypto bubble is basically gone, blockchain is now wandered off to become an obscure technology that is revolutionary … but how you make money from it and how you pitch it to investors — that’s over,” he said.

Meanwhile, Kaiser said cannabis peaked when it was legalized in Canada last October and it is in the final stages of its bubble.

“The juniors no longer have the excuse that the cannabis is sucking the oxygen out of the room — that play is dead,” he added.

Speaking about gold, Kaiser said he sees the world wanting to back off from its reliance on the US dollar as a reserve currency — which in turn can be positive for the yellow metal.

“Gold is a transitional place to park your wealth, it can go up because of uncertainty in the world … I see we are entering a gradual trend to US$2,000 per ounce,” he added.

The expert also talked about zinc and what he expects for the base metal this year.

“Zinc is still a metal which has a structural supply-demand imbalance problem coming and China is becoming more and more aggressive about enforcing its environmental laws,” he said.

Kaiser also shared his thoughts on what are the missing trends in the mining space this year.

“Two major themes at PDAC this year have been undercover exploration and a back to North America theme,” said Kaiser. “Start paying attention to the old districts that are being revisited.”

Watch the video above to find out more about Kaiser’s thoughts on the resource sector and his top stocks in 2019. You can also check out our other PDAC 2019 interviews here.

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.