Erik Wetterling – Smart Money Is Positioning In Gold Stocks While Retail Investors Withdraw
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review the odd dichotomy between the smart money, (high net worth investors and large companies), positioning into the gold stocks, versus the very low overall volumes and lack of retail buying seen in the gold stocks. This is typically what we see during turns in a given market, where smart money is buying as dumb money is liquidating during sentiment extremes. This type of scenario should be a bell ringing for contrarian value investors.
We then shift over to 2 advanced explorers with development potential in Brazil, that Erik feels are misunderstood stories in the market, that have released constructive news which fell on deaf ears. The companies discussed are Cabral Gold (CBR.V) (CBGZF) and Altamira Gold (ALTA) (EQTRF).*
*In full disclosure, the companies mentioned by Erik in this interview include personal positions in his portfolio, and they may also be site sponsors on The Hedgeless Horseman website at the time of this recording.