Categories: General Market Commentary
Topics: General Market Commentary

Doug Casey: Get Ready for an Explosive Rally in Mining Stocks

As governments around the world continue to print money, commodities are the place to be.

That's according to Doug Casey of Casey Research and InternationalMan.com. Speaking at the Sprott Natural Resource Symposium in Vancouver, Casey suggested that within the commodities sector, investors should look at mining stocks, especially juniors. 

"All these governments apparently believe in something called Modern Monetary Theory, which is going to put Keynesian economics on steroids — they're going to be creating tons of money or currency in the years to come to keep the current system going," he said. 

"A lot of it's going to flow into commodities, number one. In particular, these crappy little mining stocks — there's 2,000 of them that are always on an Easter egg hunt around the world looking for various metals. There's going to be an explosion in these things — it's happened a half a dozen times since gold was freed up in 1971, and it's about to happen again."