Jaime Carrasco

Gold and inflation. Gold is manipulated. It's about the fiscal deficit we're in. The longer it takes to get out of this mess, the higher the price will correct. Buy right and sit tight. He owns many gold and silver producers that have massive leverage to the price, which will have to go higher. Copper is signalling a lot of money devaluation. Copper above $4.50 is a bad sign. People think that inflation means things go up in price. What it really is, is things are constant but money is devalued. We're facing a bigger storm because of the currency reserve. Look at the CPI number today. With all the stimulus thrown at it, it's not a good number. We should have had a much bigger rebound. We're facing exponential money printing, which is bullish for gold, but not for the dollar. The currency reserve is in trouble, as the USD couldn't muster a rebound above 92.50, and yesterday's jump above 91 lasted only hours.

Interest rates. Rates are already rising. 1.69% is not a good number. To bring yields down, they'll have to print a lot of money. In history, whenever central banks are buying debt and producing debt, it's a facade, with very negative consequences. He'd rather hedge for the consequences. We're on shaky ground.

An explorer. Likes it, but there's risk. Once there's a big discovery in the States, a lot of US money will come into the sector and that could be bullish. Lots of optimism on this. No problem acquiring at this level. Once more results come in, he will have to decide whether to pull money out or add.

Gold explorers. Precious metals are the place to be right now, as they're trading at a ridiculous value in relation to earnings. Build a foundation with the producers first, and then look at the explorers. Once there's a big discovery in the States, a lot of US money will come into the sector and that could be bullish. You want 5-6 explorers to diversify the risk. A good explorer has good quality real estate with good potential.

Commodity supercycle. Three components. Demand, as the economy picks up. Lack of supply, as we haven't been exploring. Third, the key is devaluation of money. Best way to play the supercycle is with the ultimate hedge of gold and silver. Prices are depressed, so it's a good opportunity to get into these stocks. Impossible that copper's going higher and silver isn't. He continues to acquire the producers that will move once the price goes up. Silver has a number of supply issues. Put your money in silver first, then gold, and he's just added a bit of copper.

Characteristics for metal producers. Good quality management. Low cost of production. Resources on the ground. Where are they geopolitically. Geopolitics are going to get worse going forward, and investors really need to pay attention to where they're going to put their money. For example, he's worried about Mexico right now. He's not taking money out, but he's not putting new money in either.

Speculative buy with a $31 target. Has never been too impressed. Big deposit, but needs a lot of money to get it going. He'd rather put his money into producers that are offering cashflow and dividends.

A core holding. Gold should be much higher a year from now, so this will be higher. An amazing story. Beautiful entry point. When the storm hits, this will be an amazing lifeboat and move much higher. Happy to hold and wait. Started a dividend. When gold goes up, there will be increasing revenue, value of reserves, and increasing dividend. Price target of $70.

Has done well. Keeps getting good hits on the drill. Quite a bit of upside. Take a look at it. $5 price target. If you own it, hold it. Exploring and growing reserves is where you get the exponential reward; whereas reserves on the ground are just leveraged to the price of gold.

Silver heavy, which is hard to get. A new addition to his portfolio. Likes management and properties. Excited about it. He's been moving from mid-tier to smaller streamers, which could get acquired, and this one could be one of those. It's small, so you'll have to be patient. You should also hold some of the bigger players like FNV.

(A Top Pick Mar 27/20, Up 40%) The one thorn is geopolitical risk. Executing well. A great company. He has it as a buy.

(A Top Pick Mar 27/20, Up 52%) It lagged, so he sold out to move into silver.

(A Top Pick Mar 27/20, Up 124%) The acquisition is great, as a silver company buying a gold company is like marrying above your status. Likes management. Current noise provides a great entry point. Once gold is over $2000, and silver over $30, profitability will negate concerns about the acquisition.

Look at it by asset allocation, which takes fear and greed out of your decisions. If you see how much MSFT and tech have moved in the last couple of years, and compare it to the relative value of the precious metals, bring it back to the beginning. Sell and rebalance.

He prefers other seniors with more exposure. Hasn't been too keen on management. It will move as prices do. Pension funds will buy into it, and leverage of reserves on the ground will make it move. World-class producer. $40 price target, a buy.