Dr. Kal Kotecha, editor and founder of the Junior Gold Report took some time to talk with the Investing News Network at the 2018 Prospectors & Developers Association of Canada (PDAC) conference in Toronto.
Kotecha said he thinks there will be a big crash in the stock market in the next two or three years and “individuals who prepare themselves now are going to be quite happy down the road.” He believes the stock market is inflated and the next crash will be debt based. He said both gold and silver have been submerged and that prices of both precious metals will go higher, with silver possibly breaking a high of $19.50 in the next year or two.
Kotecha said a lot of the “easy money” has already been made in bitcoin and ethereum and believes that “if the stock market is going to crash in a couple years, so will cryptocurrencies but not gold.”
In terms of commodities, he is bullish on the outlook for silver, cobalt and lithium in 2018. His favorite companies include MGX Minerals (CSE:XMG), in which he owns stocks, and Noble Mineral Exploration (TSXV:NOB), which recently released an update on drilling at its Lucas Township gold project, located in Ontario, Canada.
Kotecha said he likes MGX Minerals for its management under President Jared Lazerson, who is “very sharp, intuitive, and has a sense of integrity that I think a lot of individuals in the junior markets lack.” He notes that MGX Minerals is in the lithium space and is developing an efficient technological process to extract lithium from waste water and “also cleaning up the waste water into cleaner farmland water so it’s a really good process.”
Watch the interview above for more insight from Kotecha or Continue Reading