He called the last gold price rally, now he's back with a new forecast
(Kitco News) - People are not paying attention to the next bull run, which would be driven by excessive amounts of debt around the world, and now is a good time to be positioned, said E.B. Tucker, director of Metalla Royalty & Streaming.
“I think people should see the $1,900 target that we’ve been talking about as the next phase and I think it’s going to attract a lot of mainstream attention,” Tucker told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “From $1,550 to $1,900 is your chance to get positioned because no one’s watching.”
Tucker added that investing in royalty streaming miners is a good alternative to play this bull run instead of buying bullion.
“The most lucrative legal business that I’ve ever found in the world is the gold royalty business. I don’t know another business, lawful business, that’s as lucrative. You can have a company the size of Franco Nevada, $20 billion market cap, extremely profitable, with twenty employees,” he said.
On equities, Tucker said that in the next cycle, value stocks like Campbell Soup will perform better.
“These stocks have not participated in the tech boom, so I think in the coming years as that cycle changes, these stocks will do ok,” he said.