This is a short video interview by BNN with Bart Melek who gives his reasons for being bearish on gold.
Head of Commodity Strategy
Bart has over fifteen years experience analyzing global precious metals, base metals, energy, and financial markets, as well as North American and global economies. He has worked closely with commodity and equity trading desks in Toronto, New York, Chicago, London and Singapore, and has several forecasting distinctions to his credit.
Bart contributes to the TD Securities strategic view by providing commentary on commodity markets and how they relate to the sectoral and economic outlook. Bart is also a sought after media source for many leading print publications and business television programs including BNN, The Globe and Mail, The Financial Post, The Wall Street Journal and Barron's.
Previous to joining TD, Bart was a Global Commodity Strategist and Sr. Economist at another major Canadian bank. He was also a Senior Economist and Senior Analyst in Treasury and Risk Management/Senior Credit Committee at another major Canadian chartered bank.
Bart holds a masters degree in economics from York University, with a Specialisation Certificate in International Finance/Banking.
To read this interview in full please click here.
With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.
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