Mines & Money New York Highlighting Growing Interest Among Generalist Investors
Editor's Note: For the first time in its 13-year history, Mines and Money is coming to New York. Kitco News will be live streaming its panel discussions. More details can be found here.
(Kitco News) - Interest in the mining sector is growing and according to organizers of the Europe’s largest mining and resource conference, now is the time to jump into the market.
This is why the show is hitting the road, heading to New York for the first time in its 13-year history.
Andrew Thake, event director for Mines and Money, said that they saw interest at a New York event when they were in Toronto last year for the conference’s first excursion into North American markets. He added that interest at the New York show has so far exceeded expectations.
“We had to move the venue because the first hotel we booked was too small,” he said. “Our expected attendance has exceeded our expectations.”
Thake said that one of the biggest surprises for him has been the growing interest among generalist investors, who are looking to jumping back into the mining sector after a nearly three-year hiatus.
While New York isn’t seen as a major mining hub like London or Toronto, Thake said the location is still a good fit as it is a major finance and global investment center.
“We understand why generalist funds have been out of the market the last few years but now is the time to jump back in. If investors wait another year or two, it could be too late,” he said. “Mining is back and we want generalist investors to know.”
Thake added that another benefit of the Mines and Money conference is that it features all types of commodities and will host a range of companies from juniors to major producers. “There will be something for everyone,” he said. “If you are looking to make a deal, you will find your opportunity by the end of the two days in New York.”
Not only will investors be able to connect with about 50 mining companies, but attendees can also listen to litany of speakers.
Kitco News has also partnered with Mines and Money to host three panels. Kicking off the day, May 3, Kitco’s Daniela Cambone has a conversation with Rosa Abrantes-Metz, managing director of Global Economics Group. The panel --The Great Manipulation Debate Revisited – will explore whether the gold market manipulation problem over exploiting prices has been resolved.
Later in the day, Cambone will moderate a panel among gold fund managers to discuss in depth how the U.S. dollar will affect the gold market moving forward. Panelists include Doug Groh, portfolio manager forTocqueville Asset Management; Robert Cohen, VP & portfolio manager forDynamic Funds; and Marcelo Kim, partner at Paulson & Co.
Finally, Adrian Day, CEO ofAdrian Day Asset Management, will host a panel with Peter Hug, global trading director at Kitco Metals; Todd ‘Bubba’ Horwitz, chief market strategist for BubbaTrading.com; Rick Rule, chairman and founder of Sprott U.S. Holdings Inc.; and, Vince Lanci, founder of Echobay Partners. These veteran gold experts will be discussing gold as an investment under President Donald Trump.
For the first time ever, Kitco News will be live streaming the panel discussions for those unable to attend the conference. More details can be found here.