Sunday, January 26, 2014
Two Cambridge House interviews
Here's two interviews from last week in Vancouver.
First, John Kaiser:
Kaiser agrees with me that while the banks are still calling for $1000 gold, "they're wrong, and the market knows it". He says because all the low-hanging fruit is gone, if the world wants more than the gold they have now they're going to have to pay a lot more for the ounces.
He thinks Goldcorp moving for Osisko is symptomatic of the majors taking out beaten down companies before they get repriced to the upside.
He's also on the "reshoring" bandwagon, thinking that jobs will begin moving back to the US from China because of China's slowing productivity and internal issues.
Then he goes on about zinc and nickel and copper and stuff. You can tell gold is out of favour when Kaiser talks about base metals.
And then Cambridge House also interviewed a bunch of utter fucking clowns like Marin Katusa, Peter Schiff, Mike Maloney, Danielle Park, David Morgan, Rick Rule and the GATA boys, who are all in complete agreement that the US dollar will collapse and America is destroyed - therefore buy gold.
How long are the doomer brigade going to keep tooting this horn?
So anyway, back to reality. Here's the Cookie Monster:
He still thinks things will suck til 2015. Then again, you have to remember Cookie's interested in explorecos, and they probably will continue to have utterly no capital participation. So I guess the explorecos certainly could take a year to come back.
He still thinks the real explorecos are the ones who put up maps, sections, drill info (with co-ordinates and azimuth dammit!), and maybe put up their 3D info on Corebox. Which I agree with.
He feels good ol' rock-banging geology has been replaced with them damn kids and their damn computers, dagnabbit.
And by the way, gold dinged $1278 or so on the China open. I guess someone still wants gold.