Wednesday, October 01, 2008

"Moving Sideways Toward the Next Upside." Interview with Pierre Lassonde - The Gold Report

One of the shrewdest individuals in the mining industry, not to mention a true gentleman, is Pierre Lassonde. My partner and I had the good fortune of doing breakfast with him a few years ago before the old Franco Nevada was swallowed up by Newmont.

Here is a recent interview with Pierre by The Gold Report. I find it most interesting how he suspects the US Dollar to remain firm and Gold could go sideways for a while (year or so) - which sort of fits in with our 2-year alternating year theory.

Regardless of the short term though - he sees larger upside for both oil and gold for one major reason - a shortage of new large discoveries...a very good interview.

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