We started off last week with silver, and this week we’ve got another perspective on the white metal, which has grown by leaps and bounds this year, but remains under US$30 per ounce.
I spoke with David Smith of the Morgan Report and Money Metals, who said he sees a bright future for silver, and encouraged investors to be cautious about trading in and out of the market.
In his view, once silver can close above US$30 a couple of times, it will run up quickly, possibly leaving those who aren’t invested without another opportunity to get in. Overall, he emphasized that the current situation is not like silver’s “false bull run” in 2016 — it’s the real deal.
“When this thing really gets underway and decides to challenge the high US$30s and into the US$40s, I don’t think it’s going to take any prisoners” — David Smith, the Morgan Report, Money Metals
I also spoke with Brian Leni of Junior Stock Review about how his portfolio has been doing this year. Describing the current environment as a “stock picker’s market,” he said the last six months have probably been the most profitable he’s seen in his life — he mentioned Abraplata Resource (TSXV:ABRA,OTC Pink:ABBRF) as his first 13 bagger.
Brian also discussed the dichotomy between the ideas he presents to his newsletter audience and the decisions he makes privately, saying that while he’s careful when it comes to recommendations for his followers he allows himself to be somewhat riskier when making his own personal trades.
“I’m much more conservative when it comes to my money and how I present it to my readers … on the other side of things, I do have a more speculative side to myself … and with my own money I’ll take some of those chances and do some shorter-term trades” — Brian Leni, Junior Stock Review
For our Twitter poll this week, we continued last week’s election theme. Normally a presidential election in the US is a fairly big talking point for the gold price, but this year it’s understandably been overshadowed by other factors.
With only about two months left before America goes to the polls, we asked our followers if a Donald Trump victory or a Joe Biden victory would be better for the gold price. By the time the poll closed, a narrow majority said they think a Trump victory would be more beneficial — although some commenters said they don’t think it will make a difference who wins.
Fear and Debt Push Gold to New Heights in 2020. What's coming in 2021?
Precious Metals Outlook INNvestor Report Download today!
Vic left the major marijuana company in January 2019 citing health concerns, although his departure also came soon after a short seller report questioned Aphria’s Latin American acquisitions.
He’s now re-emerged as a director and advisor at Havn Life Sciences (CSE:HAVN), a new psychedelics company that went public this week. Explaining his interest in psychedelics, Vic cited their potential to help treat mental health issues as a key draw, and noted that research will be key moving forward.
“It’s something that we really need to have a better understanding of — the standardization, the efficacy, the safety (of psychedelics) so researchers … can take it to the next level” — Vic Neufeld, Havn Life Sciences
Vic won’t be involved with Havn’s day-to-day operations, which he said will help him better balance his work and home life. “In simple words, no more heavy lifting for me,” he explained.
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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.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).