Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Thom Calandra of the Calandra Report shared his thoughts on the resource sector, focusing first on gold and gold stocks.
He pointed to the ongoing strength in the gold price, and said gold stocks are finally beginning to respond.
“When we see more momentum as we’re seeing in the physical price, that will translate (to the gold stocks),” he said. “It’s already started translating into the gold equities. It’s a stealth gold rally, as my friend Simon Catt in London says.”
Calandra also spoke about uranium’s run, cautioning investors not to chase stocks in the sector, and touched on copper’s potential. His largest holding is Robert Friedland’s Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF).
He gave his perspective on silver and platinum, and emphasized the importance of owning physical metal.
“When it comes to owning physical, of course there are the physical trusts. I own the abrdn Physical Platinum Shares ETF (ARCA:PPLT), I own trusts that own physical copper. I own the Sprott Physical Gold Trust (ARCA:PHYS) and Sprott Physical Silver Trust (ARCA:PSLV), and I own one uranium trust. It’s very important to own the physical,” he said.
In closing, Calandra outlined the possible lithium, cobalt and graphite opportunities.
Watch the interview above for more of Calandra’s thoughts on the metals mentioned above and the resource sector in general. You can also click here for the Investing News Network’s full PDAC playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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