Marin Katusa: US Dollar to Remain Strong, as Gold Continues to Surprise
Marin thoroughly enjoyed this year’s Palisade Global “Hard Asset Conference on Jekyll Island” with his family, and he gave a keynote presentation.
He feels that the US dollar will continue to do well in spite of investor sentiment to the contrary. Most of the world’s currencies are very screwed up, and while the US dollar is also screwed up, it is still better than all the rest.
Marin likes actionable advice and recommends being a contrarian. Be wary of the opinion of newsletter writers and poor management teams that don’t invest in their own stock. Most of the juniors don’t have any gold and have a geologist that is chasing some wild theory. If juniors with questionable projects are getting financed, it may be time to sell.
The shotgun approach to picking juniors works well in a bull market, but it’s terrible for performance in a down or sideways market. Be very selective, just sit tight, and you will have a good run. We are in a consolidation period for gold, and Marin feels that we still have a ways to go before the next bull run.
Marin doesn’t believe in peak oil and gold because it’s all about the price at which resources become economical. Company assessments are often very selective and overly optimistic about their projections. Carefully examine management track records and see who signed off on these assessments.
Marin is not bullish on uranium as we are in an echo phase of the market. You don’t need to buy anything risky in the uranium market because you can pick up the royalties instead.
Vanadium is going to become needed for the green energy revolution, and Arizona is a safe jurisdiction. He is excited about Victory Metals.
Time Stamp References:
1:00 – Marin’s opinion of the Palisade Conference
2:50 – US Dollar and gold will go up.
6:20 – Most juniors don’t have any gold.
11:00 – Approaches to finding juniors.
13:00 – There is no shortage of gold or oil.
18:50 – Uranium, vanadium, and safe jurisdictions.
22:00 – Paul Matysek and Victory Metals
27:00 – Marin’s background, education, and experiences.
Talking Points From This Week’s Episode
• US dollar will continue to outperform.
• Make sure companies and newsletter writers have skin-in-the-game.
• Be very selective when stock picking resource companies.
• Peak oil and resources are only limited by today’s prices.
• Do your own research and valuations.
• Marin is not currently bullish on uranium.
• Vanadium will be needed for green energy.
Marin Katusa is the author of the New York Times bestseller, The Colder War. Over the last decade, he has become one of the most successful portfolio managers in the resource sector. Katusa has been involved in raising over $1 billion in financing for resource companies. He has visited over 400 resource projects in over 100 countries. Marin publishes his thoughts and research at www.katusaresearch.com.
Mr. Marin Katusa, B.Sc., was the Chief Energy Investment Strategist at Casey Research, and the Managing Editor of Casey Energy Confidential, Casey Energy Report, and The Colder War Letter. He also managed a portfolio of international real estate projects, using advanced mathematical skills. He created a resource market tool that analyzed and compares hundreds of investment variables. Earlier, Mr. Katusa was a Mathematics Professor. He was Teacher of Fraser Academy from August 2003 to August 2006.
He has been an Independent Director of Copper Mountain Mining Corporation since April 04, 2007. Previously, he served as a Director of Gold Mountain Mining Corporation until July 2011 and Beanstalk Capital Inc. since March 2010. He has extensive relationships within the Canadian financial community. Mr. Katusa graduated from the University of British Columbia with a Bachelor of Science degree and a Bachelor of Education.