The Gold Report: In Q2/15, Oban Mining Corp. (OBM:TSX), backed by Osisko Gold Royalties Ltd. (OR:TSX), consolidated a number of micro-cap gold equities in Québec and Ontario while Crocodile Gold Corp. (CRK:TSX; CROCF:OTCQX) merged with Newmarket Gold Inc. (NGN:TSX.V) in an effort to become a consolidator in its own right. These are two consolidation stories […]
The Gold Report: You prefer to value gold based on its worth relative to other financial benchmarks. Tell us about some of your go-to ratios and why they are meaningful. Carsten Ringler: I’m looking at different ratios between different baskets of assets like, for example, the gold to real estate ratio. In January 1980, when
Carsten Ringler Makes the Basket Case for Gold Equities Read More »
The Gold Report: Your latest presentation declares that Quaterra Resources Inc.’s (QTA:TSX.V; QTRRF:OTCQX) “assets have the potential to be transformed into a district-scale, long-life copper-mining operation.” Tell us about your assets, and explain why you have such confidence in them. Steven Dischler: We own 51 square miles of property in the Yerington district of Nevada.
The Gold Report: When we talked in November, you warned that there would be downward pressure on gold this year. What are you anticipating for the balance of 2015 and into next year? Florian Siegfried: We were being cautious in November when we published guidance that indicated gold could trade as low as $1,070 per
The Gold Report: The gold sector entered full-blown panic mode in July with the Bloomberg analysts forecasting a dip below $1,000 per ounce ($1,000/oz) this year, and Deutsche Bank forecasting $750/oz. Is this just fear feeding on fear, or is there something else going on? Jeffrey Mosseri: It is fear feeding on fear, but there
Doug Loud and Jeff Mosseri: Supply and Demand Will Rescue Gold Soon Read More »
The Gold Report: How do you account for falling commodity prices? Steve Palmer: The strong U.S. dollar is driving commodity prices down. The dollar-based slide is magnified by the summer doldrums and the lack of liquidity in many of the junior names. There is also a widespread perception that the Chinese growth rate is slowing,
How AlphaNorth’s Steve Palmer Copes with the Commodity Blues Read More »
The Gold Report: In a recent Benchmark Mineral Intelligence report, “Mineral Supply Chain Visibility: Impact of Disruptive Technologies on Critical Raw Materials,” you make the case that supply chain visibility will become increasingly important in the critical minerals space. Please briefly explain why. Simon Moores: We’ve noticed that during the rare earth element bubble in
Chart: Gold prices (USD) with 14-day relative strength index (RSI) and Chicago Board Options Exchange Volatility Index (VIX) as proxy for market volatility The Gold Report: The price of gold flirted with $1,300 per ounce ($1,300/oz) in January. In July, it fell below $1,100/oz. What happened? Joe Mazumdar: Gold began 2015 at $1,184/oz. So, year
Canaccord Genuity’s Joe Mazumdar Tells Gold Investors to Go Underground to Survive Read More »
The Gold Report: July 13–20 was an unusual week in the gold market. In a May newsletter to Trapeze Asset Management clients, you argued that the glass is “half full” for investors given current macroeconomic signals. Much water has traveled under the bridge since. Has your view changed? Randall Abramson: Our view has not really
Randall Abramson’s Plan for Surviving Gold’s Summer of Discontent Read More »
The Gold Report: You recently became managing director of mining equity research at BMO Capital Markets. What kind of overview of the gold and silver sectors does this position entail? Andrew Kaip: Taking one of the lead roles at BMO Research has given me the opportunity to step away from the day to day of
BMO’s Andrew Kaip: The Gold Majors Are Back Read More »