There is a lot of momentum building in the resource sector said Ellis Martin who heads the Ellis Martin Report.
Kitco Mining correspondent Paul Harris spoke to Martin at Mines and Money London held from November 29 to December 1.
Ellis is a talk show host and motivational speaker.
Martin identified where he is looking.
“As an investor I’m looking at companies that have pending M&A deals with some of the majors and mid-tier companies—I’m very patient with that,” said Ellis. “I haven’t sold anything during the last two years, and I just see that building. There’s lots of opportunities right now to average down and to buy in at bargain prices.” Ellis added that the resource companies are hardened by past experience to benefit when commodity prices rebound.
“They’ve survived markets like this before, and they’re really well positioned…for the coming bull market.”
Coverage of Mines and Money London sponsored by Discovery Group.
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.
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2022-12-28 20:21:00
