The Conversation (0)
Dr. Martin Murenbeeld: Goldcorp, the Gold Price and Positive Gold Catalysts
Jan. 27, 2015 03:15PM PST
Precious Metals InvestingResource Investing News was lucky enough to speak with Dr. Martin Murenbeeld of Dundee Capital Markets at Cambridge House International’s 2015 Vancouver Resource Investment Conference.
Dr. Martin Murenbeeld is Dundee Capital Markets’ chief economist and a great source of information on the gold space. Resource Investing News was lucky enough to speak with him at Cambridge House International’s 2015 Vancouver Resource Investment Conference.
In the video below, he touches briefly on Goldcorp’s (TSX:G,NYSE:GG) acquisition of Probe Mines (TSXV:PRB), which was the news of the hour at the conference. He believes that if the gold price continues to rise, the sector may see more such action.
Other topics discussed by Dr. Murenbeeld include the Swiss National Bank’s recent removal of the cap on the Swiss franc and Russia’s buying of gold. “Russia and other countries, frankly, have become in essence less interested in holding US dollars because of the possible political ramifications that are included there,” he states. He also notes that he sees the gold price close to $1,300 per ounce 12 months from now and at an average of $1,255 in 2015.
In closing he identifies potential positive price catalysts for the yellow metal.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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