Junior gold shares have endured a tough bear market, however Claude Bejet of Swiss Gold Letter sees higher occasions forward.

Talking on the Prospectors & Builders Affiliation of Canada (PDAC) conference, he stated a turnaround started late final October and was confirmed on November 4, when the VanEck Gold Miners ETF (ARCA:GDX) noticed an 11 p.c improve.

“The index was not up 3 p.c, 4 p.c — it was up an enormous 11 p.c,” Bejet stated. “My expertise in markets … is bull markets begin with a bang, and a bang we had. So I feel we’re in for lots of higher markets and nice revenue alternatives.”

He prefers to spend money on gold exploration firms, however stated that giant firms are promoting at low costs proper now.

“Certainly one of my massive themes in the present day is that after this massive bear market you should buy high quality firms — firms with manufacturing development — at a reduction,” Bejet defined. These embrace shares like Ross Beaty’s Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Aris Mining (TSX:ARIS,OTCQX:TPRFF), whose board of administrators consists of Frank Giustra.

Bejet additionally instructed taking a look at attainable takeover targets, mentioning Condor Gold (TSX:COG,LSE:CNR,OTC Pink:CNDGF) and Treasury Metals (TSX:TML,OTCQX:TSRMF) as firms that may probably be snapped up.

On the silver aspect, he pointed to Keith Neumeyer’s First Majestic Silver (TSX:FR,NYSE:AG), in addition to Guanajuato Silver (TSXV:GSVR,OTCQX:GSVRF) and Avino Silver & Gold Mines (TSX:ASM,NYSEAMERICAN:ASM). Bejet additionally talked about Aurion Sources (TSXV:AU,OTCQX:AIRRF) as a extra speculative valuable metals play to contemplate.

Watch the interview above for extra of his ideas on the outlook for gold, in addition to gold and silver shares to look at. You can too click on right here for the Investing Information Community’s full PDAC playlist on YouTube.

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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.