Gold Under Pressure Next Year: Gissen — MMIC13 San Francisco

[youtube YKUSVF-UZYo]

Continuing Kitco News’ coverage of the 2013 Metals & Minerals Conference, Daniela Cambone caught up with Malcolm Gissen of Malcolm H. Gissen & Associates to discuss gold. “Our view on gold changed about a year ago. We had been pretty optimistic about it but then we became realistic,” Gissen says. “We think long-term gold will do well but for at least for the next year we think it’s going to be under pressure.” Although Gissen says that the fundamentals support higher gold prices, he thinks investors are more comfortable buying large cap domestic stocks now. “I’m optimistic on the US economy. I think it is improving…my major concern is congress,” he adds. Watch now to hear more of his thoughts on the metals and the economy. Wishing you a Happy Thanksgiving! Kitco News, November 28, 2013.

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews

As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.