Gold May Lose Another $100: Miranda Gold CEO – MMIC13 San Francisco

[youtube VqQQqMvX1FY]

Kitco News sits with Miranda Gold CEO Ken Cunningham about the company’s latest Willow Creek deal in Alaska and the future of gold prices. “We’re excited…we think [Willow Creek] has quite a bit of potential,” Cunningham says. “It is a very high-grade underground gold project…something that I’ve always been told is that ‘grade is king,'” he adds. With regards to the mining industry, Cunningham says he sees a tough market ahead, especially for juniors. He says that the company has reacted to this by cutting costs. “We’re going to hold on to as much of our cash as we can and still do smart deals like Willow Creek…and focus on Colombia because we think near term, Colombia gives us a shot at a discovery,” he adds. What about gold prices? “I think gold can give up another $100, taking us down to about $1,100,” Cunningham says. He goes on to say that this could happen in less than 6 months if the dollar and US stock market remain strong. Tune in now to hear the latest on Miranda Gold and hear why he foresees more downward pressure for the yellow metal. Kitco News, December 2, 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.