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    Will Growth Hamper Gold? - Mark Lackey

    Wed, 01/12/2011 - 14:59 EDT - Seeking Alpha
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    • The Gold Report
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    The Gold Report submits:Has the U.S. economy turned the corner? Mark Lackey with Toronto-based financial services company Pope & Co. is forecasting modest growth and slight inflation. In this exclusive interview with The Gold Report, Mark explains why that shouldn't drive a continued correction in gold prices and shares some companies that are set to prosper—whether they've got an NI 43-101-compliant estimate or not. The Gold Report: Mark, when you worked for the Bank of Canada, you made regular forecasts on the U.S. economy. What is Pope & Co. expecting from the U.S. economy in 2011?Mark Lackey: We're expecting the gross domestic product in the second and third quarters to be in the 3% range with inflation around 1%. We're not looking for huge growth, but there could be some improvement in the labor market and in industrial production in a scenario with little inflation. Unlike some people who think deleveraging is going to continue and cause subpar growth in the U.S., we see potential growth of 2.5%–3.0%. That's not bad.Complete Story »

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    Related

    • Bright Future for Uranium? - Mark Lackey

      The Energy Report submits:Mark Lackey, with Toronto-based financial services company Pope & Co., admits he's in the minority. He believes the Street is too optimistic about production in Saskatchewan and Kazakhstan heading off a uranium shortage. In this exclusive interview with The Energy Report, Mark explains why he believes Cigar Lake won't save the day and when uranium could hit $100 a pound.The Energy Report: Last summer, big uranium players like Cameco Corp.

    • Will gold equity investors strike gold?

      Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below is a guest contribution by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors.

    • US economic growth quickens but misses forecasts as cuts kick in

    • Mike Niehuser: Mining Stocks Are Not Reflecting Record Gold Prices

      The Gold Report submits: Uncertainty will certainly push gold prices higher. In this exclusive interview with The Gold Report, Mike Niehuser, founder of Beacon Rock Research, LLC, is bullish on gold and well-managed producers, advanced development and exploration companies. He shares his top eight picks and advice on easing into an investment instead of buying all at once.

    • Ian Campbell Talks About Temex’s Juby and Whitney Gold Projects

      Temex Resources Corp V.TME announced April 29 an updated 43-101 resource estimate of its Juby Gold Project located in Ontario’s Timmins-Kirkland Lake mining camp. At a cutoff of 0.4 grams per tonne gold, it contains 25.3 million tonnes grading 1.28 g/t gold for 1.04 million gold ounces indicated and 74.2 million tonnes grading 0.91 g/t for 2.17 million gold ounces inferred.

    • Mark Lackey Homes In On Golden Mining Opportunities In West Africa

      By The Gold Report:Gold has been produced in Africa for thousands of years in places like Ghana and neighboring countries whose names have changed over the centuries. One thing that has not changed is that there's still a huge amount of gold to be found and mined in West Africa. That's what Mark Lackey likes about the area and in this interview with The Gold Report, he talks about companies that are or will be producing significant amounts of the world's prized metal.

    • Could 2013 be the start of something good for Canada’s economy?

      OTTAWA — Almost four years removed from the start of the so-called economic recovery, 2013 could be the year Canada finally leaves the legacy of the Great Recession behind. It may not look like it from the numbers. With few exceptions, most economists see the upcoming year as not much better than what happened in 2012, when the pillars of global expansion came tumbling down like so many dominoes. Says Arlene Kish of IRS Global Insight: “It is more like the Canadian economy will be able to keep its head up by treading water while waiting out external global winds.”

    • Haywood Securities' Geordie Mark: Global Demand for Iron Ore to Rise

      The Gold Report submits:How long until the window on rising iron ore prices closes? Global demand is driving prices higher and shipping costs are at historic lows. But only companies poised to get into production quickly will be able to capitalize. In this exclusive interview with The Gold Report, Geordie Mark, an analyst with Haywood Securities in Vancouver, picks the companies that are ready to profit and those that are likely to get picked off by competitors.

    • Inflation, Job Woes Weigh on ETFs

      Tom Lydon submits: Exchange traded funds (ETFs) turned flat on Thursday after mixed economic data raised concerns about the labor market and higher inflation.

    • Bad Market News Slides in Under the Radar Screen

      John Nyaradi submits:by John Nyaradi As we head into the closing days of the year, bad news came at us from all corners of the world yesterday. At home, the Case/Shiller Home Price Index came in with its fourth monthly decline in a row, dropping -0.8% on an annual basis in October and -1.3% on a monthly basis.

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