Printing money needs to be good for silver and gold. Greater economic activity is great for nonsilver and gold and all commodities really, but obviously that's round the demand side. On the supply side, many big iron ore and copper projects came online since 2008 and driven prices down. In addition, the economical crisis in China has flushed out hidden stocks of metals, therefore seems like demand was probably weaker than supposed.
TGR: Some pundits predict that rising allin sustaining costs AISC means a decline in gold production. Do you agree? Philip Richards: I think 2015 is likely to be a peak year for gold production, and, you might already know, it takes a long time to ramp up production. As for AISC, that is hard to calculate whenever a lot gold production is at countries from US: Canada, Australia, Brazil, Africa.
TGR: What are your metals price forecasts? Philip Richards: I expect gold and silver to be higher in the year's time. Zinc is likely to be getting into supply deficit. But I do not know whether there is likely to be a zinc squeeze sufficient to enhance the price of zinc to its old a large amount of 2 per pound 2 per pound. I expect a fresh high closer to 1.
201.30 per pound. I'm cautiously optimistic on commodities. We could see higher copper and nickel prices inside the next year approximately. Regardless of whether the US restarts QE, Europe will still print money, and that is likely to be reasonably supportive of commodity prices.? TGR: You said in March that you just were "very disappointed in nickel.
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