"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...."
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