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Jeff Clark: Juniors “Dramatically Oversold,” is This a 100 Year Opportunity?

Jeff Clark of TheGoldAdvisor.com shared his thoughts on sentiment in the junior resource sector, saying that while many of these stocks are oversold right now, a 100 year opportunity could be shaping up for investors.

He encouraged investors to evaluate the stocks they are currently holding to see if they’re set up to participate in this move — in his view, catalysts and cash are two key elements to look for right now.

When asked where the gold price may go in 2024, Clark said it could easily reach new all-time highs.

‘I can’t see the gold price staying here,’ he said. ‘It will probably weaken if the Israel thing calms down; it’ll go higher if it gets worse. But that’s a short-term issue. In the bigger picture … there’s too much going on to really say that gold’s going to go down. There’s a lot of catalysts that are in place there. And it could be something that people aren’t expecting.’

It’s typical for silver to lag when gold first starts to move, but Clark said history shows it eventually outperforms.

‘I think the next bull run in this cycle is going to be significant. It’s going to be strong,’ he said on the sidelines of the event. ‘I think this could be a two to three year bull market easily once (gold) makes a new all-time high, once it breaks out. And silver will come, but it will have a delayed reaction. The fuse there is a little longer than the fuse on gold.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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