Big Money Anticipating Another 1970s Style Gold Mania
July 18, 2013
Today one of the top CEO’s in the world told King World News that big money investors are positioning themselves ahead of what they believe will be another 1970s style mania in gold. This interview is tremendous, and it will let KWN readers around the world see the gold market through the eyes of one of the greatest and well-respected veterans in the business. Here is what Sean Boyd, CEO of $5 billion Agnico Eagle, had to say: “We believe this is just a correction in gold and that it was orchestrated in the paper market. The flip side has been incredibly strong physical demand and continued central bank buying. We see this as a tremendous opportunity.
Sean Boyd continues: “Gold equities are at historic lows and the companies are working on their business models and putting together plans that will allow them to weather this volatility and be in a position to participate when gold moves higher. We firmly believe this is just a short-term blip, and gold will go right back to the $1,800 level….