Ed Karr: Inflation Is Beginning To Rear Its Ugly Head
Mr. Karr discusses how you need to time the market cycles correctly. Gold is currently catching a pretty good bid, particularly with the recent dollar decline. We have seen an increase in volatility recently, and things are looking pretty good for precious metals. We could break through the 1350 level this year, and 2018 is shaping up to be an excellent year for gold.
Most central banks are behind the curve, and the Fed looks likely to raise interest rate this year. Many central banks are still printing including the ECB and Japan. Inflation is going to rear its head this year, and the inflationary spiral is going to come back. For this reason, we are likely at the beginning of a multi-year commodity run.
The metals industry is one of booms and busts. The large mining companies often acquire assets near the market tops, and then exploration comes to a standstill. These miners are depleting their resources quickly; they need the exploration.
He says that there isn’t a better place to explore for gold than the United States. It’s a safe political jurisdiction and permitting is straightforward. There is also excellent infrastructure in Arizona and Wyoming.
He discusses the two projects they are working on, the first of which is Copper King in Wyoming. They have hit very nice grades of copper as well as zinc and silver. The other flagship project is in Nevada, and it is called Keystone. It’s a district scale exploration property south of Barrick Golds Cortez Hills Complex. They have just released their results from exploration and are working on a comprehensive program for 2018.
Talking Points From This Week’s Episode:
• Gold is beginning to catch a bid. 2018 will be a good year.
• Inflation is starting to show in prices and wages.
• We are on the verge of a multi-year commodity run.
• He provides an overview of U.S. Gold Corp’s projects.
Edward Karr is President, CEO and Chairman of U.S. Gold Corp since 2016. He is the founder of several different investment management and investment banking firms based in Geneva, Switzerland and has been active in the natural resource industry for years. Mr. Karr was a Founder and currently serves on the Board of Directors of Pershing Gold Corp (PGLC _ Nasdaq). Mr. Karr is a Director and Chair of the Audit Committee of Levon Resources (LVN – TSX) In 2004, Futures Magazine named Mr. Karr as one of the world’s Top Traders. He is a past contributor to CNBC and has been quoted in numerous financial publications. Mr. Karr worked for Prudential Securities in the United States and has been in the financial services industry for over twenty years.