Recently they have focused on the hottest markets. Lately, that has been the cannabis industry. Canada has stolen the spotlight for this market, and they are working on a documentary about it.
Midas Letter has launched a series of indexes for cannabis companies which have done well from 6.4x to 15x over the past couple of years. He thinks the bubble in cannabis will burst as the cost of production falls later this year. Many “non-licensed” companies will deliver cannabis to your door very quickly at a fraction of the cost of the licensed establishments.
Three billion has been invested into the cannabis space so far this year in Canada, and some forty plus billion has entered it over the last few years. By mid-2019 a lot of money will flow into the resource sector.
Gold currently is struggling and that may in part because of the younger generation has been looking at crypto. There is a broad perception that the days of fiat and commodity backed currencies are coming to an end. He doesn’t agree with that concept and is buying mining stocks.
- Source, Palisade Radio