Moriarty: “Low Hanging Fruit From the Golden Delicious Tree” (GOT, ESK, PEX; ELO, LIO)
I have commented for months that the quality of junior exploration companies today is far higher than I have ever seen. Every time someone comes out with more brilliant drill assays I think to myself that I just have to write them up. But there are far too many great stories. If you don’t have a handful of these companies in your portfolio, you risk being caught out at the airport when you ship finally docks.
All of these companies are cheap. Most are absurdly cheap and pretty much being ignored by retail investors. Once the Fed begins to tighten and interest rates shoot higher, bonds are going to be crushed. The overall market is already tanking and the clipto currencies are going to fade away.
That only leaves one game in town and that is gold, silver and resource stocks. Pluck them from the tree while they are still low hanging.
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