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The conflict in Eastern Europe is most likely to be protracted, as well as energy rates will certainly react by rallying even higher from present degrees, said Pierre Lassonde, chairman emeritus of Franco-Nevada and also CEO of Firelight Investments.
" I assume that Mr. Putin determined that this was mosting likely to be a simple, quick win for him, to simply roll right into Ukraine and also basically put Humpty Dumpty back with each other, which was what he was trying to do. His plans are not ending up exactly as he had desired. With the Germans currently transforming tack and also claiming, we're mosting likely to give army help, that has transformed the feasible result of this war fairly significantly. The longer it lasts, the much more extensive the influence is going to be, particularly on the power market. If this takes place for two, 3 weeks, a month, I believe you're checking out $200 oil," Lassonde informed Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO International Metals & Mining Seminar.
Comply With Michelle Makori on Twitter: @MichelleMakori ()
Adhere To Kitco News on Twitter: @KitcoNewsNOW ()
0:00 – Russia's invasion of Ukraine, oil
6:20 – Gold, inflation
8:26 – Fed monetary plan
10:43 – Physical gold need
11:45 – united state dollar
13:10 – Bitcoin
14:53 – Copper, renewable energy
22:43 – Just how to invest in gold?
24:26 – Dow/Gold proportion
#gold #oil #RussiaUkraine
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Pierre Lassonde predicts $200 oil and $2,400 gold in a month as Putin’s war drags out
The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, chairman emeritus of Franco-Nevada and CEO of Firelight Investments.
“I think that Mr. Putin calculated that this was going to be an easy, quick win for him, to just roll into Ukraine and essentially put Humpty Dumpty back together, which was what he was trying to do. His plans are not turning out exactly as he had wished. With the Germans now changing tack and saying, we’re going to provide military help, that has changed the possible outcome of this war quite dramatically. The longer it lasts, the more profound the impact is going to be, particularly on the energy market. If this goes on for two, three weeks, a month, I think you’re looking at $200 oil,” Lassonde told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO Global Metals & Mining Conference.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
0:00 - Russia's invasion of Ukraine, oil
6:20 - Gold, inflation
8:26 - Fed monetary policy
10:43 - Physical gold demand
11:45 - U.S. dollar
13:10 - Bitcoin
14:53 - Copper, renewable energy
22:43 - How to invest in gold?
24:26 - Dow/Gold ratio
#gold #oil #RussiaUkraine
__________________________________________________________________
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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