Bob Hoye, of Institutional Advisors, discusses corporate and government interest rates, the stock market rally, oilÂ and precious metals prices on HoweStreet.com August 21, 2009.
On how significant a pullback he is expecting in gold and junior mining stocks:
“I think it’s going to be quite severe. I think there will be heavy liquidation across the board and there has been -Â some of these smaller cap [gold] stocks have had pretty good moves along with the HUI right up into June. And then there’s been a pretty fair sell off.”
“We’ll staywith the theme that there could be selling pressures in the Fall and that then would be a time to accumulate this. “