Gold stocks outperform gold
This is the view of David Smith, senior analyst at Morgan Report, who recently spoke at the online money show. According to Smith, if you have the right ones, you can achieve generational wealth. For in terms of performance, mining stocks outperform gold. And therein could lie the greatest opportunity in decades to make good money.
He points out that the big players in the gold industry are currently significantly more expensive than the junior companies. And there is still time to get in, as 90 percent of the profit potential is generated in the last ten percent of an entire bull market, as past experience teaches. Smith also sees the best prospects for silver. Since silver is often a by-product of base metal production or gold production, it is not easy to increase supply when demand picks up. Diminishing supply and increasing demand will drive the price.
In the case of gold, Smith believes that at the end of the bull market, up to 10,000 US dollars per troy ounce is possible. For silver, he predicts a possible price between $166 and $250 per ounce.
Gold is available at the producing Pan Project in Nevada, owned by Fiore Gold: https://www.commodity-tv.com/play/fiore-gold-virtual-roadshow-investor-presentation/. The first quarter of 2020 brought a production record. A nearby second project and the Golden Eagle gold project in Washington are part of the portfolio.
In Mexico, Aztec Minerals has an interest in the Cervantes project (porphyry, gold, copper, molybdenum) and also operates it: https://www.commodity-tv.com/play/aztec-minerals-defines-targets-on-the-cervantes-porphyry-gold-copper-project/. Another of the company's projects is the Tombstone Project (silver, gold, copper, lead, zinc) in Arizona.
The latest corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/de/unternehmen/fiore-gold-ltd/).
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