This Will Drive Gold Prices And Miners In 2018 - Jordan Roy-Byrnes
Editor's Note:View Kitco News' full 2018 outlook coverage
(Kitco News)- Known as a fan favorite, the Expert Series brings togetherwell-known investors and Kitco regulars to find out where they will be puttingtheir money in 2018.
Addinga twist this year's feature, we have asked popular mining sectoranalysts for their thoughts on the mining sector and what companies they likein the new year.
This time, weasked investor Jordan Roy-Byrne how he would invest $100,000 in the miningsector this year.
He also shared some investments he would avoid, includingbitcoin.
Check out whathe has to say!
Experts: Jordan Roy-Byrne
Claimto Fame: creator of the Daily Gold Newsletter.
How would you invest$100k in the mining sector in 2018?
I would own a basket of select juniors. A basket gives youdiversification which reduces your risk. I would also consider adding Silver tothat basket.
What will affect gold most in 2018?
Real interest rates as always.
To be specific, potential for inflation to accelerate couldpush real rates lower even though nominal rates are rising. A correction in theS&P 500 could also help precious metals. A rise in long-term rates whileinitially bearish for precious metals could become very bullish if and when theyield curve steepens.
Roy-Byrne's Top Mining Picks?
Defiance Silver (TSX.V: DEF) and Novo Resources (TSX.V: NVO)
What 3 investments would you avoid in 2018? Why
Bitcoin and other crypto currencies, Government Bonds, U.S.Stocks
Bitcoin is a full blown mania that could collapse. USGovernment Bonds are close to a major technical breakdown and the risk/rewardprospects for U.S. stocks are very poor.
If you could describe 2017 in one word, what would it be
For the gold market? "A Grind."
What is your outlook for bitcoin in 2018?
Bitcoin and other crypto currencies have made parbolic movesthat dwarf other historical bubbles. Bitcoin and the crypto space is in a fullblown mania.
Finalthoughts?
After a grinding 2017, the precious metalssector has a good chance to make a major move higher in 2018. We are moreoptimistic about the chance for the second half of the year.
By Neils ChristensenFor Kitco News
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nchristensen@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.