Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Byron King: Mining Stocks on “Absolute Fire Sale,” Where to Focus Now

by March 25, 2024
March 25, 2024
Byron King: Mining Stocks on “Absolute Fire Sale,” Where to Focus Now

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Byron King of Paradigm Press shared his thoughts on opportunities in the energy sector, as well as gold and gold stocks.

He currently sees major upside in the mining sector as a whole, saying companies are ‘just on absolute fire sale.’

‘These are the kinds of things that if you get into the right plays at the right points in the next year or so, the next few months — these are things that could set you up for the rest of your life,’ he commented at the event.

In terms of what could trigger renewed interest in the space, King said that sooner or later investors will realize that popular technologies like artificial intelligence and cryptocurrencies require vast amounts of energy.

‘I think that as the momentum of technology, of crypto, etc. — as that keeps going, keeps accelerating into wherever it goes — it has to pull the basic materials, the metals with it,’ he explained. ‘And if just some of that froth on the beer over on the technology side drips back onto the table for the drillers and the diggers, we’re in for some good times.’

King is positive on uranium in particular, and he also discussed gold’s price potential in 2024.

‘It would not surprise me at all to see gold at US$2,500 (per ounce) by the end of the year,’ he said. ‘If you don’t have some gold now, some silver now — get some, okay? I don’t know what else to say.’

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

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
China’s Youth Snapping Up Gold “Beans” as Country Faces Deflation
next post
Joe Mazumdar: Gold, Nickel, Lithium Dynamics, Plus Current Strategy and AI in Mining

Related Posts

Top 10 Central Bank Gold Reserves

February 13, 2025

Editor’s Picks: Gold Price Breaks US$2,900 in Another...

February 16, 2025

NorthStar Gaming Holdings: Spearheading the Intersection of iGaming...

December 14, 2023

5 Top Canadian Oil and Gas Dividend Stocks...

January 22, 2025

Gold, Silver See Gains as Fed Continues to...

May 2, 2024

Cardiex Limited

April 19, 2024

Beyond Lithium Closes Flow-Through Offering for Gross Proceeds...

May 27, 2024

FPX Nickel

October 17, 2023

5 Small Biotech ETFs to Watch (Updated 2023)

November 8, 2023

Cannabis Weekly Round-Up: Mastercard Bans Cannabis Debit Card...

July 29, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

    • Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    Categories

    • Business (1,223)
    • Investing (2,504)
    • Politics (3,699)
    • Stocks (1,616)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved