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Sean Boyd continues:


“All of the things that are happening now, when you look at it, just points to a stronger gold price longer-term.  But we are in a period of (recent) weakness and (high) volatility right now.  With all of the volatility it’s sort of hard to look through that to the underlying things which underpin the market.


You look at the fact that India and China took down 55% of mine supply last year, that’s a big number.  That number has been growing steadily over the last few years and will likely continue to grow.  So you’ve got strong demand coming out of that part of the world.  As gold prices go up, you are not going to see a huge increase in supply....


Continue reading the Sean Boyd interview below...




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“What we look at, and what we see as a false argument, is people are saying, ‘Well, the way the equities are performing is telling us that gold is going to go down.’  We simply don’t see that given the fact that we’ve got strong demand coming out of places like China and India.  


We’ve also got central banks (buying) and we don’t think that’s going to turn around any time soon.  So the underpinning of the gold market is still there.  I think that will carry us forward as people start to realize that none of the fundamental issues have actually been addressed. 


Look at the recent elections.  People don’t want austerity.  If you’ve got politicians that are hearing the voters don’t want austerity, then they are going to put the pedal to the metal on the liquidity.  So we’re going to have more liquidity.  Again, the conditions are shaping up to be very bullish for gold.”


When asked where the price of gold will be 24 months from now Boyd responded, “We actually did a little pool this week when we were at a mining conference.  My number was over $3,000.  I’ve never been at the $3,000+ number, ever, in 27 years.


But I just see the underlying conditions not being addressed.  And I see an inability to address them given what we’ve seen in some of the recent elections in Europe.  I don’t think that attitude is any different anywhere else in the world.  So politicians will have less willingness to actually make the tough decisions to sort this mess out.


They will go with what would appear to be the easier route which is to try to stimulate growth through fiscal and liquidity measures, which ultimately is going to be good for gold.”


When asked if he has seen this type of undervaluation in the mining sector, including 2008, Boyd replied, “No, I haven’t.  There’s a huge disconnect between the actual quality of the business and the historical valuation.  Those are unreasonably low (valuations) and should be higher, given the fact that these companies are run with discipline.  They are generating cash flow, they have an ability to pay more dividends and I think you are going to see that going forward. 


When it turns and gold turns, this is where you are going to get the best leverage.  You are going to get the best leverage from the quality stocks, and then, ultimately that will move down the chain and you’ll see some huge returns coming out of the juniors at some point.”


In this interview Boyd lets KWN listeners know exactly what is happening in the gold market.  This is also a must listen for anyone who invests in the mining shares or is looking to invest in the miners because he lays out precisely what is happening with the major, mid-tier and junior mining companies and what investors should expect in the future.  The extraordinary KWN Sean Boyd segment is available now and you can listen to it by CLICKING HERE.


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The Egon von Greyerz and Gerald Celente audio interviews are available now.  Also, be sure to listen to this week’s line-up of other KWN interviews, which include Eric Sprott, Peter Schiff, Rick Santelli, John Embry, Michael Pento and more by CLICKING HERE.


Eric King

KingWorldNews.com

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