Dr. Kal Kotecha, editor and founder of the Junior Gold Report, spoke 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 for both precious metals will go higher, with silver possibly breaking a high of $19.50 in the next year or two.
He added that 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, Kotecha is bullish on silver, cobalt and lithium in 2018. His favorite companies include MGX Minerals (CSE:XMG), in which he owns shares, and Noble Mineral Exploration (TSXV:NOB), which recently released an update on drilling at its Lucas Township gold project in Ontario.
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 noted that MGX Minerals is in the lithium space and is developing an efficient technological process to extract lithium from wastewater and is “also cleaning up the wastewater into cleaner farmland water.”
Watch the interview above for more insight from Kotecha, or read the transcript below. You can also click here to view our PDAC 2018 playlist on YouTube.
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INN: Tell us about your experience with the Junior Gold Report. How did that get started?
KK: I started in news business in 2002 with the Kotecha Resource Report and it subsequently changed to the Junior Gold Report in 2010. So I have quite a few fortunately really good subscribers that read the content so it a varies on gold the economy to base resources and t