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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 together well-known investors and Kitco regulars to find out where they will be putting their money in 2018.
Adding a twist this year's feature, we have asked popular mining sector analysts for their thoughts on the mining sector and what companies they like in the new year.
This time, we asked investor Jordan Roy-Byrne how he would invest $100,000 in the mining sector this year.
He also shared some investments he would avoid, including bitcoin.
Check out what he has to say!
PART I: Avoid Tesla 'Above All Else' in 2018
PART II: Put Half Your Investment In The Best Of The Best Of 2017 - Rick Rule
PART III: Pick Miners With Low Cost And Good Management - Marin Katusa
PART IV: Base Metals & Energy To Win In 2018 - USCF
PART V: Keep 10% In Gold And Avoid Long-Term Bonds - Frank Holmes
PART VI: These Are The 3 Companies Brent Cook & Joe Mazumdar Like In 2018
PART VII: Here Are Top 3 Investments To Avoid In 2018 - Mickey Fulp
PART VIII: Everything & Gold Will Rise in 2018, Except Bitcoin - Expert
PART IX: This Will Drive Gold Prices And Miners In 2018 - Jordan Roy-Byrnes
Experts: Jordan Roy-Byrne
Claim to 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 you diversification which reduces your risk. I would also consider adding Silver to that basket.
What will affect gold most in 2018?
Real interest rates as always.
To be specific, potential for inflation to accelerate could push real rates lower even though nominal rates are rising. A correction in the S&P 500 could also help precious metals. A rise in long-term rates while initially bearish for precious metals could become very bullish if and when the yield 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. US Government Bonds are close to a major technical breakdown and the risk/reward prospects 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 moves that dwarf other historical bubbles. Bitcoin and the crypto space is in a full blown mania.
Final thoughts?
After a grinding 2017, the precious metals sector has a good chance to make a major move higher in 2018. We are more optimistic about the chance for the second half of the year.
