Despite the unusually strong dollar, Sean Boyd, CEO of Agnico Eagle sees gold having already reached a bottom and can expect the price to rally soon.
“We think gold’s bottomed here, the U.S. dollar’s been unusually strong, things don’t stay the same forever, so I think it’s important for the industry to re-position itself through smart M&A,” Boyd told Kitco News on the sidelines of the Denver Gold Forum.
On the recent merger between Randgold and Barrick Gold, Boyd said that this type of consolidation is what the industry needs to reduce overhead and also create more investor interest.
_________________________________________________________________
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.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit [ Ссылка ]
Follow us on social media:
Facebook - [ Ссылка ]
Twitter - [ Ссылка ]
Google+: [ Ссылка ]
StockTwits - [ Ссылка ]
Live gold price and charts: [ Ссылка ]
Live silver price and charts: [ Ссылка ]
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: [ Ссылка ]
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: [ Ссылка ]
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
