Gold has actually currently moved from $1,250 to $2,000 in a very brief amount of time, and also the metal is just in a settling stage right now, claimed David Elliott, a founding partner of Haywood Stocks, which has actually expanded from an office of 15 worker in 1986 to becoming one of Canada's premier mining financiers with $10 billion in properties under monitoring.
" A lot will certainly depend upon the U.S. dollar. I believe the U.S. dollar has made its highs throughout the Trump Management," Elliott said. "If you can obtain the emerging markets to show some development, that's going to produce even more of a demand for metals and if you don't have the growth, after that I can see it taking much longer [for costs to burst out]".
For his contributions to funding the mining field over the last three decades, Elliott was recently inducted right into the Canadian Mining Hall of Popularity.
Elliott's remarks come as he joined the Association for Mineral Exploration's Remote Roundup in January as a keynote speaker.
0:00 – Macroeconomics expectation.
2:47 – Gold cost outlook.
8:44 – Mining stocks appraisals.
11:53 – Technical improvement in mining.
13:12 – How David Elliott picks mining supplies.
16:48 – Final advice to financiers.
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How long will gold price stay flat? Canadian Mining Hall of Fame investor gives outlook, advice
Gold has already moved from $1,250 to $2,000 in a very short amount of time, and the metal is simply in a consolidating phase right now, said David Elliott, a founding partner of Haywood Securities, which has grown from an office of 15 employee in 1986 to becoming one of Canada’s premier mining financiers with $10 billion in assets under management.
“A lot will depend on the U.S. dollar. I think the U.S. dollar has made its highs during the Trump Administration,” Elliott said. “If you can get the emerging markets to show some growth, that’s going to create more of a demand for metals and if you don’t have the growth, then I can see it taking longer [for prices to break out].”
For his contributions to financing the mining sector over the last three decades, Elliott was recently inducted into the Canadian Mining Hall of Fame.
Elliott’s comments come as he joined the Association for Mineral Exploration’s Remote Roundup in January as a keynote speaker.
0:00 - Macroeconomics outlook 2:47 - Gold price outlook 8:44 - Mining stocks valuations 11:53 - Technological advancement in mining 13:12 - How David Elliott picks mining stocks 16:48 - Final advice to investors __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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