Summary

Jordan Roy-Byrne of The Daily Gold, makes his show debut, offering his book free to our listeners. His work suggests the PMs sector has found support, the low is in place and a nascent bull market could be emerging. The gold shares tend to lead the charge in sustainable rallies, which is occurring in 2016. Our guest finds the recent PMs shares bottom comparable to the end of the 1942 NYSE low, following the Great Depression. The guest and host concur; selloffs in the PMs sector represent buying opportunities amid the new uptrend. Nonetheless, both note that chasing the sector after such an advance is inadvisable, suggesting instead to remain patient for solid buying opportunities to emerge later in 2016. The discussion includes the importance for the gold safe haven amid economic uncertainty, such as in Venezuela, with triple digit inflation making basic necessities scarce and joblessness rampant. Gold in terms of the Venezuelan Peso has skyrocketed, underscoring to investors worldwide the importance of protecting purchasing power. Jordan offers a stock candidate, Klondex Mines (KLDX) a gold producer with mines in the US and Canada; the company CEO is so confident in the prospects of his firm, he reportedly invested 95% of his personal fortune in the shares. Gold and silver bullion remain the ideal bedrock insurance policy for every diversified portfolio, while junior mines represent an opportunity to boost overall expected return with a fractional investment.