Agnico Eagle CEO Warns The Gold Market Is Heading Into The Perfect Storm
KingWorldNews.com
Oct. 24, 2015
Today Agnico Eagle CEO, Sean Boyd, warned King World News that the gold market is heading into what he describe as “The perfect storm.”
Sean Boyd: “We’ve always maintained that the (gold) market is not in North America, although a lot of the short-term volatility comes out of the North American market trading paper. And so the real market is outside of North America, in the East, where populations are growing and wealth is increasing, and that’s what’s going to drive the price of gold as we move forward…
“So we are positive (on the price of gold). We are saying that this market can continue to move up and move steadily. That’s certainly what we expect to see.
The Perfect Storm
And I think that when people look at how difficult it is to actually find gold deposits and put deposits into production, we could have a situation where there is a realization among investors that the gold market is hitting the perfect storm.”
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