Jean-François Tardif Predictions
President, Timelo Investment Management
Track Jean-François Tardif's public market predictions and forecast accuracy. Each prediction is recorded from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.
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[0:13] I wouldn't think that the uh NAFTA going away is very likely.
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[9:22] I'm pretty sure this yin-yang will play out for a while So like to me like there are two camps right the bull the bull say well we're spending more they're spending more in fact Nvidia said 70% growth next year okay uh well that will make about close to $1.7 trillion of spending overall if the whole sector grows another 70% so I think we're very much coming to the top the peak of spending
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[27:02] if we go like two years from let's say in uh the coming years 1.7 trillion of spending like the Nvidia said 70% growth let's say the year after it's going down 20%. So these stocks are going to go down and that because they're so important also in the S&P 500 they might take the whole stock market down with that.
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[10:34] I think so. Uh we own a little bit of copper stocks, but we're also short some copper stocks. And uh if you look at the multiple copper stocks, they're much higher than gold stocks uh on a price to nav or on a price to uh cash flow or PE. I the gold stocks generally speaking right now are extremely cheap versus copper stock. So yeah, I agree with you. I mean copper stocks are likely to go down once we go down the other side of the mountain and capex starts to go down. And it could be in 27, maybe it's in 28.
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[10:41] If you look at the multiple copper stocks, they're much higher than gold stocks uh on a price to nav or on a price to uh cash flow or PE. I the gold stocks generally speaking right now are extremely cheap versus copper stock.
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[22:59] If you get really nervous 6 month, a year from now, uh not owning the banks, they'll probably be at the same price or lower. So, buy them back later.
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[36:51] right now they have net cash just they're actually making money. It's between 25 and 30 cents next year of earnings. This is US. US stocks is around $3. They just made a big expansion in production in BC. They're the lowest cost producer in Canada.
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