upcoming mining journal research

Add new layer of intelligence to your investment decisions Publication of the Mining Journal World Risk Report (feat.MineHutte ratings) is the culmination...

EYEBROW

29 September 2017
Test edition
Test edition

Summary of this Test edition

EYEBROW

26 September 2017

upcoming mining journal jobs

Perth Mint plans gold-backed ETF listing on NYSE

Investors could exchange shares for physical gold

"J&L is therefore one of the largest undeveloped gold mineral resources"

Golden Dawn announces updated resource of more than 2.4Moz AuEq

Further confirmation of Snip's high grades

Skeena hits 3.82m at 91.56g/t gold

"I want to take you where the puck is going to go, not where it is"

Sprott resources investment guru Rick Rule sticks more or less to a well-worn Wayne Gretzky line

upcoming mining journal events

SEG 2017 Conference, Ore Deposits of Asia: China and Beyond

Detailed Event Info: The Organizing Committee is pleased to invite you to the SEG 2017 Conference, Ore Deposits of Asia:...

Commodities > Gold-and-silver

"There is going to be a tsunami of money looking for a place to go"

Canadian mining entrepreneur Rob McEwen has reiterated his bullish outlook for the gold price, reportedly saying it could surpass US$5,000 an ounce in five years.

Staff reporter

Commodities > Gold-and-silver

"There is going to be a tsunami of money looking for a place to go"

Canadian mining entrepreneur Rob McEwen has reiterated his bullish outlook for the gold price, reportedly saying it could surpass US$5,000 an ounce in five years.

Staff reporter

"There is going to be a tsunami of money looking for a place to go"

Mining entrepreneur Rob McEwen tips US$5,000/oz gold price

The McEwen Mining CEO, who is renowned for building Goldcorp (CN:G) into a major player, believes gold has bottomed out, Bloomberg reported.

Prices could surpass the US$5,000/oz milestone in five years, as investors sought returns amid a prolonged period of cheap money and used the metal as a haven from geopolitical and financial risk, he told the wire service in an interview from an industry conference in San Francisco.

If that happens, "there is going to be a tsunami of money looking for a place to go," he said.

He said while conventional wisdom was that a return to higher rates would make interest-bearing assets more attractive, gold should become more appealing as markets re-calibrated.

His comments come as the latest minutes from the US Federal Reserve's Federal Open Market Committee meeting, released yesterday, increased expectations it would raise interest rates next month.

The gold price meanwhile has risen about 5.7% over 12 months, according to data compiled by Mining Journal, and was trading around $1,290/oz on the spot market earlier today.

topics

loader