James Dines, Dines, Letter

Jim Dines (Photo: Don Parrish)

Jim Dines has been writing one of the world's best read financial newsletters, The Dines Letter, since the 1950's, and he's still going strong...

A few days ago Dines joined King World News to discuss his outlook for 2014 (Listen to the interview).

Dines pats himself on the back for calling the coming 3D printing boom, and is especially excited for its applications in biotechnology. He recommends one stock, Organovo, which Dines says has no revenue and is a "moon shot", however his subscribers have already had a double on it, and he's not aware of any brokers having recommended the stock, which is why he still sees upside in the highly speculative 'bioprinting" play.

Dines says 3D printing is going to become cheap, cheap, with the major money to be made in the materials which the printers will consume, such as plastic, wood, and metals, such as silver.

Dines thinks gold and silver are headed way higher, with a $3000-$5000 minimum target on gold. He was more cautionary on the miners, which he said are subject to overtaxation by greedy "tax pig" governments.

"No tax is ever high enough."

Dines also sounded a warning about the executives leading many mining companies.

"Not all management's have the integrity to respect shareholders when they overprint stock to pay for personal squandering so mining has more risk, but it has more upside…"

Dines added that mining stocks are cyclical and they are certainly out of favour, but that bull markets are spawn during times like these.

Uranium is still a favourite commodity of the legendary economic forecaster. He thinks the world's nuclear power plants need to be replaced, and urges governments to start stockpiling uranium for the centuries ahead.

"Politicians need to think in terms of centuries the way China does… Uranium stocks will for sure rise again and it wouldn't surprise me if we were close to a bottom now."

The full half hour interview with Jim Dines is available at King World News ->