Are you still bullish on AGI, EDV AND KL? Sharp downturn this week.

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I have purchased small amounts of each of the above. I am considering buying more during this downturn. What is your view?

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Asked on August 11, 2020 7:54 am
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Hi Bruce,

We have a long-term positive outlook on the price of gold. As we've mentioned several times, short term fluctuations do no impact our investment thesis. Furthermore, gold stocks which are growing production, reducing costs and have no debt are likely to do well even if the price of gold suffers. Case in point, KL did well for years despite a flat gold price.

Of note, KL is the only one on our bull list and the other two also also on the TOP 20 which is a based on our growth screener. Personally, I own AGI and have zero concerns even if the price of gold dips materially. We don't take positions for the short-term, we have the long-term in mind.

Mat

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Posted by Mathieu Litalien
Answered on August 11, 2020 9:02 am