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Higher Gold, Dollar: The New Normal - Marin Katusa
With gold prices rallying over 24% this year and the U.S. dollar, which usually trades inversely to the metal, also up, research analyst Marin Katusa says he expects this to be the “new normal.” “I’m very bullish on gold, I’ve been for years. I think it’s a great place to be with the negative interest rates going on globally,” he told Kitco News at this year’s Freedom Fest in Las Vegas. However, the Katusa Research founder also expects upside for the U.S. dollar, even though it is often seen as gold’s rival asset. “I think we’re in a new normal of higher gold and dollar prices,” he explained. Katusa also runs a junior mining gold fund with famed investor Doug Casey, and says it is important to make the right picks in the sector right now. With higher metals prices, miners are not being too careful in positioning themselves properly for a downturn. “Every dog in the market is getting a bid right now so I’d be very careful and try to go to quality because if the market does pull back, which I don’t know it may or may not, you want to be in the best quartile of people and projects,” he said. “You have to be very careful understanding the political aspects in this market because in a negative interest rates world the governments is going to try to figure out how to subsidize more of their social programs and I think that’s going to be a growing trend.” (show less)
With gold prices rallying over 24% this year and the U.S. dollar, which usually trades inversely to the metal, also up, research analyst Marin Katusa says he expects this to be the “new normal.” “I’m very bullish on gold, I’ve been for years. I think it’s a great place to be with the negative interest rates going on globally,” he told Kitco News at this year’s Freedom Fest in Las Vegas. However, the Katusa Research founder also expects upside for the U.S. dollar, ... (read more)
Freedom Fest 2016
Freedom Fest is an annual conference where over 2000 “free-minded” attendees meet to celebrate freedom and to discuss everything from the current state of the economy to maintaining a free and healthy living. Founded and produced by famed economist Mark Skousen, Freedom Fest has been attracting record crowds for over a decade. Held in Las Vegas, Nevada, the conference attracts the “best and the brightest” to talk, strategize, socialize, and celebrate liberty. Freedom Fest is open to all and is purely egalitarian, where speakers, attendees, and exhibitors are treated as equals. This year’s conference keynote speakers include heavyweight champ George Foreman, Senator Rand Paul, Judge Andrew Napolitano, boxing promoter Don King, media mogul Steve Forbes, and more. Tune in to our coverage from July 13-16 live from Las Vegas.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
