Precious Metals

Gold Investing

US President Donald Trump has helped miners, but not necessarily in the right ways, according to Thom Calandra of the Calandra Report.

The US presidential election is approaching slowly but surely, and a central topic Democrats are grappling with is which candidate may be able to unseat Donald Trump.

For Thom Calandra of the Calandra Report, the question is irrelevant. “I think they all can beat him,” he said on the sidelines of the recent Prospectors & Developers Association of Canada (PDAC) convention.

“There’s no way the Donald is getting elected in 2020. There’s absolutely no way in the world — I don’t care who runs against him.”

Trump has had a positive impact on mining companies in the US since being elected in 2016, making efforts to help uranium producers and to accelerate mining for strategic metals, Calandra said. But he has not always taken the proper approach.

“The Donald has used his podium to wreak havoc with environmental safeguards and (Bureau of Land Management) land and forestry,” he explained. “He’s taken presidential measures at the cabinet level to make it easier to develop.”

Calandra added, “It’s okay as long as you go through channels, but … if you bully your way through the process, it’s not cool.”

Watch the interview above for more from Calandra on the gold price and hot PDAC topics like protesters and COVID-19. You can also click here for our full PDAC playlist.

Don’t forget to follow us @INN_Resource for real-time updates!

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.

Featured

MARKETS

Markets
TSX21319.25+44.68
TSXV902.86+12.00
DOW35429.19+60.72
S&P 5004593.10+15.99
NASD14574.97+68.07
ASX7408.80-8.50

COMMODITIES

Commodities
Gold1841.39+27.32
Silver24.18+0.73
Copper4.47+0.08
Palladium2013.00+127.00
Platinum1031.00+50.00
Oil86.35+0.92
Heating Oil2.63+0.01
Natural Gas4.09-0.20

DOWNLOAD FREE REPORTS

×