“While I do think we need a gold price back towards $1,500 for any long-term
sustained rise, the juniors have finally seen their lows,” says Peter Grandich,
founder of Grandich Publications, LLC. and Grandich.com, in an interview
with SmallCapPower.com. He mentions five junior resource companies that
he either holds in his portfolio or is watching at this time.
Q: Peter, we when spoke back in November
you said the junior resource market still has too much overhang. Do you
still believe that?
A: I think we finally saw the bottom late
last year. While I do think we need a gold price back towards $1,500 for
any long-term sustained rise, the juniors have finally seen their lows
(I say this with everything possible crossed- toes, fingers etc).
Q: Which junior resource stocks would
you be buying at this time and why?
A: What’s good for me is not necessarily
right for another so I’ll tell you what I own as of today and would be
a buyer for myself still today:
Alderon Iron Ore Corp. (TSX: ADV) (CSE: ADV)
Sunridge Gold Corp. (TSXV: SGC) (CSV: SGC)
Teranga Gold Corp. (TSX: TGZ) (CSE: TGZ)
Timmins Gold Corp. (TSX: TMM) (CSE: TMM)
And while I don’t own at the moment, I’m looking at Excelsior Mining Corp.
(TSXV: MIN) (CSV: MIN) again.
Please note my disclosure regarding these companies
www.grandich.com
Q: Which factors do you think will influence
the direction of the gold price in 2014?
A: The continuing strong physical market
finally overcomes the paper gold bears.
Q: Do you believe the gold price is being
manipulated? And, if so, how is that possible?
A: It’s been either manipulation or a
series of the world’s worse traders selling in the worse possible way getting
a much worse price than they otherwise could.
I’m amazed after countless reports of just about every market known to
mankind having been manipulated in recent times, how people somehow stops
outside the walls of the Comex.
Q: I understand that for only the fourth
time in 30 years, you’re suggesting taking a very bearish stance towards
U.S. equities. Why is that?
A: Do you have a day or two for me to
fully explain why-lolHere’s the report
http://moneytalks.net/images/stories/audio/peter-doc.pdf
Q: Last time we spoke you had a rather
gloomy economic outlook for the United States. Is Canada in the same boat?
A: It was once automatic if America sneezes
economically Canada caught a cold but I think Canada is no longer attached
to the hip economically so I don’t expect it’s automatic Canada does whatever
the U.S. does.
Q: Can you tell our viewers about your
new relationship with
http://moneytalks.net?
A: I now publish all my market commentaries
there. Michael Campbell is one of Canada’s most honorable and straight-shooting
financial commentator and I’m honored to be part of his team.
