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A new year has begun, but Mercenary Geologist Mickey Fulp remains firm in his convictions and is following an investment approach that he first laid out for the Investing News Network in mid-2022.
“I buy the same as always — I buy physical gold on dips and I’m continuing to try to buy farmland in the heartland,” he said.
In the junior resource market he continues to close out positions that are no longer profitable. “I would like to be leaving (the sector) faster because I don’t see any immediate change to this bear market,” Fulp explained. “I don’t think 2023 is going to be very good in this market unless the price of gold … gets to record highs and stays there. So we’ll just have to see.”
This interview was filmed on January 30, 2023.
#Investing #Gold #Copper
0:00 – Intro
0:24 – Why gold’s price action adds up
2:33 – What will the Fed’s next moves be?
7:15 – Outlook for gold and the dollar in 2023
9:14 – What Mickey is doing with his money
10:34 – Bullish on copper in the long term
12:11 – Outro
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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.