David Skarica: We Are In the First Inning of A Major Bull Market in Gold
Gold is starting to move and David is of the opinion that a major pull-back is not likely.
David is focusing on the Canadian small caps as this is where the biggest moves can happen in the initial first run. Now is the time to invest to be able to make multi-bag profits. Many stocks are undervalued.
Japanese and European bonds are at negative interest rates, negative interest rates in general are pushing more and more money into the gold sector. Governments globally, particularly the US are in so much debt that a normalisation in interest rates would render them bankrupt. One of the major bond markets is likely to blow up, pricking the sovereign debt bubble.
Contrary to popular opinion other commodities are likely to rise along with gold. This may also be the result of highly inflationary money printing. If gold continues it rise at some point there is likely to be a major slap-down, probably in the form of a major event.
Talking points from this week’s interview:
• The influence of GLD
• Making money with stock warrants
• Canada is the best junior market in the world
• The possibility of a major smack-down in the future
• Wise investors hedge their positions
David Skarica is the founder and Editor of Addicted to Profits, a popular newsletter known for its stellar performance in both up and down markets. Skarica entered the financial markets at a very young age and, at the age of eighteen, became the youngest person on record to pass the Canadian Securities Course. He is a regular speaker at trade and investment conferences in Canada and is a guest on the Business News Network (BNN), Canada’s flagship business broadcasting network. His work has appeared in publications such as the Bull and Bear Financial Report, Barron’s, Investor’s Digest of Canada, and Canadian MoneySaver. Skarica also writes Gold Stock Adviser, an investment newsletter for the conservative media outlet, Newsmax. David’s newest book, Collapse, is available on amazon.com.