The Gold Report

The Gold Report: Please briefly provide us with a “State of the Metal” address for gold as summer approaches. Björn Paffrath: We still could have difficult times over the next months before another bull market starts. The latest rally didn’t really unfold the way we were hoping. We had a great January and everybody was

The Mining Report: Where is the renewable energy space headed in terms of profitability? Rupert Merer: Most renewable power companies have long-term production contracts that provide a relatively low-risk return on invested capital. This is a capital-intensive industry with a lot of invested debt and equity capital. There is excellent visibility on cash flow and

The Gold Report: The Junior Gold Report follows both gold and oil equities. Please briefly outline your outlook for both commodities. Kal Kotecha: In December, to my Junior Gold Report subscribers, I called gold to hover between $1,180/ounce ($1,180/oz) and $1,250/oz from January until about June, and then averaging above $1,250/oz for the rest of

The Gold Report: Can you tell us about several companies that you cover that are up substantially year-to-date? Derek Macpherson: Kirkland Lake Gold Inc. (KGI:TSX), Klondex Mines Ltd. (KDX:TSX; KLNDF:OTCBB) and Integra Gold Corp. (ICG:TSX.V; ICGQF:OTCQX) are all up more than 30%, with Kirkland up almost 70%. We pick companies that are undervalued and have

The Mining Report: The 27th annual ROTH conference was held in California last month. What’s the purpose of this conference? Joe Reagor: We provide management access to our client base and provide exposure for the smaller-cap companies that are somewhat under-covered by the Street. TMR: How would you sum up the sentiments of the participants?

The Gold Report: In September 2014, you told us that investors needed to own bulletproof, low-cost producers that can survive lower gold prices. What is your investment thesis for this point in the bear market? Christos Doulis: Unfortunately, not much has changed. We certainly do not appear to be in a bull market for gold.

The Gold Report: You sent us a graph that charts gold’s downtrend in bear markets since 1975–1976. That chart suggests that some bear markets end in a capitulation selloff, while others build a base for an extended period. How is this bear market trending? Eric Muschinski: Due to the duration of the current bear market,

The Mining Report: You have talked in the past about the epic macroeconomic battle being waged between inflation and deflation. What are the indicators you are watching and where are we headed? Chris Berry: Right now, the scales still appear to be tipped toward deflation, but that’s not uniform across the globe. It still appears