SAN FRANCISCO, CA--(Marketwired - December 14, 2015) - Amid a tempestuous year for the U.S. dollar gold price, gold has quietly moved up about 6% in Canadian dollar terms, squarely placing the focus on gold producers with Canadian operations that generate cash flow, says Ryan Hanley, mining analyst with Mackie Research Capital. In this interview with The Gold Report, Hanley lists his storm-tested top picks, shines light on names with M&A potential, and sees smooth sailing ahead for some companies with near-term catalysts.
The Gold Report: Why haven't the recent Islamic State attacks in Paris spurred a greater safe-haven gold trade? Does it mean the concept of gold as a safe haven is, for the most part, dead?
Ryan Hanley: Despite the recent attacks, this is the first time in a long time we've seen the United Kingdom backing France, and the U.S. and Russia on the same page. Gold continues to have an inverse relationship with the U.S. dollar, and with the U.S. posting strong employment numbers, we continue to believe that the focus is still on the U.S. dollar and the implications of a rate hike in December.
TGR: What sort of interest rate hike are you modeling?
RH: Our expectation would be about 25 basis points. We believe about 65-70% of...
Continue reading this interview: Mackie Analyst Ryan Hanley's Storm-Tested Canadian Equity Picks
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Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. Our exclusive interviews with leading industry experts and analysts provide a clear picture of the causes of macro-economic shifts and the strategies that help you capitalize on developing trends.
St Andrew Goldfields Ltd. is a sponsor of Streetwise Reports. Ryan Hanley had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Hanley and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.