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Now is the time to start looking for some good gold companies -Mickey Fulp at PDAC 2016...

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Published on Mar 19, 2016

Mickey Fulp, author of The Mercenary Geologist, says the gold-silver ratio above 80 is quite unusual and he hasn’t seen it this high since the financial crisis in 2008. That gives a buy signal for silver. While gold is still money, when the ratio increases this much, it’s time to buy silver and when it normalizes again, trade in your silver for gold. Mickey also notes that the gold-platinum ratio is out of balance and hasn’t been this low since 1982. If he were buying precious metals right now, he would be looking to buy platinum. As for recommendations, Mickey believes that it is time to start looking for some good gold companies, specifically advanced explorers and developers that may be take over targets as the sector recovers. Copper is also on his radar right now. He doesn’t take much stock in market chatter that most producers are making money at US$2.00/lb and expects that higher copper prices are coming.

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