Byron King of Paradigm Press discusses M&A in the gold sector, as well as opportunities in uranium, rare earths and graphite.
Diverse mining stocks are trading at discounted prices, but a new era of resource scarcity could change that.
Speaking to the Investing News Network, Byron King of Paradigm Press said that supply of many metals won’t be able to keep up with growing demand. Eventually prices for both commodities and company shares will be squeezed higher.
“When just a little bit of that money that’s invested in all these tech-y things and all these biotech-y things and all these other things that buoy the rest of the big market — when just a fraction of that starts to trickle over into the hard asset space, the mining space, you’re going to see astonishing rocket rides with many, many companies,” he commented.
“In some of these spaces we’re looking at 100 baggers, 200 baggers …