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FSN: $2,000 Gold Will Soon Kickstart Mining Shares: Michael Fowler
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Zig Lambo
The Gold Report
The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. In this exclusive interview with The Gold Report, he explains why he expects gold to finally break through the $2,000/ounce barrier in 2013 and how this should affect the mining stocks that he covers. While share prices are generally low across the board now, Fowler tells us about a few of the ones that he expects to shine bright when the market turns.
The Gold Report: It seems that not much has happened in either the metals or mining shares markets since you last spoke with The Gold Report in March. What’s it going to take to get people excited again?
Michael Fowler: Talking about gold, the price has been churning sideways. In my opinion, what’s really going to get people excited is that the gold price should actually go up quite strongly into 2013. The other point is a moderation of some of the current cost pressures in the mining business. On the metals side, we’ve seen a lot of softness in worldwide demand but I think that coming into 2013, we’re going to get a better metals market as China continues easing its monetary policy. So I see a pickup in demand coming into 2013.
Continue Reading at TheAuReport.com…
2012-08-17 15:39:45
Source: http://silveristhenew.com/2012/08/17/2000-gold-will-soon-kickstart-mining-shares-michael-fowler/
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