Kitco News' Daniela Cambone sits with Al Korelin to discuss current gold
prices and the mining industry. Korelin says no one knows what is
happening in the markets now but he thinks the US government officials
that are attempting to run the economy do not actually know what they
are doing. "I think we are totally in unchartered waters," he says. "I
think the thing that you really want to watch right now is the news that
came out from mainland China. I think that's going to set the tone of
the market." He goes on to say that this news may propel gold prices
higher. When asked what he would do with $10,000, Korelin says he would
invest in small, junior companies. "I think the prices are absolutely
giveaways right now." However, he stresses the importance of doing your
homework as an investor. "These companies have to have proven
management... have at least $3.5-5million in the bank and they have to
have a proven asset," he adds. Where would he avoid putting his money?
"The conventional stock market because, mark my words, we're going to
see this market crash." Tune in now to hear more of his thoughts. Kitco
News, December 2, 2013.
No comments:
Post a Comment