"Big Moves" Are Ahead For Gold - Auryn Resources Executive Chairman

Gold started off 2018 strong, as is typical for January and February, but one mining executive says the yellow metal may see stronger moves higher.Ivan Bebek, Executive Chairman of Auryn Resources, told Kitco News on the sidelines of the Vancouver Resource Investment Conference that sentiment for gold is currently high, and investors should expect “big moves”, but only towards the end of 2018.“I think that $1,400 [an ounce] is a very big level for investors, and if we can break that, I think we are in a whole new paradigm for the gold market,” Bebek said, “you might see an explosion from there.”On bitcoin, Bebek said that the world’s largest cryptocurrency has pulled everyone out of the gold space. “I think it’s wrong to compare gold and bitcoin to each other, and the market is starting to realize that now,” he added, “I don’t like [bitcoin’s] vulnerability…I’m really happy with real assets.” (show less)

Gold started off 2018 strong, as is typical for January and February, but one mining executive says the yellow metal may see stronger moves higher.Ivan Bebek, Executive Chairman of Auryn Resources, told Kitco News on the sidelines of the Vancouver Resource Investment Conference that sentiment for gold is currently high, and investors should expect “big moves”, but only towards the end of 2018.“I think that $1,400 [an ounce] is a very big level for investors, and if ... (read more)

Daniela Cambone

Daniela Cambone

Editor-in-Chief

Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.

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