The Gold Report: Gold is up for the year. Do you expect this trend to continue?
Benjamin Asuncion: For 2014, we're officially forecasting an average gold price at $1,300/ounce ($1,300/oz). We've elected to err on the side of conservatism in our commodity forecasts, which leaves company valuations to be more reflective of operating performance than reliant on higher metal prices.
TGR: Ambrose Evans-Pritchard of the Daily Telegraph says if the Federal Reserve "has to back off [tapering] again, gold will have a fresh lease on life." Do you agree, and do you think the Fed is committed to tapering?
Geordie Mark: I agree that if the Fed backs off tapering, it's a total game changer for sentiment. Janet Yellen, the new Fed chair, has certainly been quite cautious as to how she's going to approach monetary policy, so right now we're in a wait and see period, but that being said, the market now appears to show a certain positive sentiment for precious metals companies.
TGR: We've seen various currency panics around the world in recent weeks. Will this lead to a flight to safety in the U.S. dollar? Continue reading "Six Gold and Silver Leaders at Today's Prices"
