Here Are Top 3 Investments To Avoid In 2018 - Mickey Fulp
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.
This year, in a new twist to the feature, Kitco News has asked some of the most influential mining sector newsletter writers how they would invest $100K in the mining sector.
While the mining sector has struggled to maintain momentum, 2017 has been anything but boring with new assets like cryptocurrencies making waves in financial markets. What does 2018 have in store? Check out what the mining experts have to say!
Expert: Mickey Fulp
Claim to Fame: Creator of the Mercenary Geologist
How would you invest $100k in the mining sector in 2018?
I cannot know that until opportunities present themselves in the coming year. My short-list of preferences is likely to include new companies with advanced projects in gold or copper located in geopolitically stable jurisdictions that follow the rule of law.
What will affect gold most in 2018?
The U.S. dollar.
What are the top 3 companies for 2018? Why?
Sorry, but I must pick four that have attracted my hard-earned capital in 2017: Allegiant Gold Ltd, Eagle Plains Resources, Integra Resources Corp, and Trilogy Metals Inc. For the various reasons, please visit my website: MercenaryGeologist.com and navigate to the Musings page.
What 3 investments would you avoid in 2018? Why?
Any speculation that contains the words bitcoin, cobalt, or lithium. Those were so 2017.
If you could describe 2017 in one word, what would it be?
Trump.
What are your thoughts on bitcoin in 2018?
Bitcoin is a big blown-up bubble begging to burst. But the $64,000 question is when will that inevitable event happen?
Any additional comments?
Contrarian speculations require patience and are best made during incipient bull markets for commodities. In my opinion, now is the time to position for windfall profits over the next five years.
By Anna GolubovaFor Kitco News
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agolubova@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.