Dave Kranzler, Fund Manager and Publisher of the Mining Stock Journal and the Short Seller’s Journal, joins me for a wide-ranging discussion on fundamental drivers for the precious metals complex and what junior gold and silver stocks he is bullish on in this current environment.

We start off looking at the factors behind the price action in gold and silver, looking at how central banks and large institutions have been joined by retail investors in the east and a more recently in the west, repatriating PMs back into their possession for a number of macro and geopolitical reasons.

This leads us into a discussion about gold stocks where Dave sees a good value proposition in the junior gold and silver developers that have purchased producing assets to augment their growth and bring in revenues to assist with their larger development projects like  Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF), Integra Resources Corp. (TSXV: ITR) (NYSE-A: ITRG ), Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF), and Discovery Silver Corp. (TSX: DSV) (OTCQX: DSVSF).   He also highlights U.S. Gold Corp. (NASDAQ: USAU) as a permitted development-stage company in Wyoming working on moving towards construction of their CK Gold Project.  

Wrapping up we discuss investing in silver and the silver stocks where Dave mentions that Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is his preferred vehicle as the only pureplay silver producer, now that SilverCrest Metals Inc. (TSX: SIL) (NYSE: SILV) has been acquired by Coeur Mining.   We note how most other silver producers and developers don’t have more than 60%+ silver, and are simultaneously exposed to either gold or base metals. Regardless, Dave expects most silver names to run big when the bull market evolves to bring in the more speculative bid, noting that the gold:silver ratio at 90 could mark a turning point for a catchup trade in silver and the silver equities.

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