The Calandra Report is a subscriber service by Thom Calandra. Thom has been writing and broadcasting about lifestyle and investing topics for 35 years. His specialties are natural resources, biomedical and special situations Thom visits approximately 40 natural resources properties each year across Africa, the Americas, Africa, Cambodia and Europe. Thom speaks at conferences in New Orleans, San Francisco, Toronto, Vancouver, Hong Kong and London. In this Wall Street View, our host spoke with Thom Calandra, Publisher of The Calandra Report at the New Orleans Investment Conference 2014.
Thom Calandra begins with what topics he covered as a speaker for the conference, “I am speaking on precious metals mostly, a little technology, mostly this battered gold market and in fact right now nobody knows where the commodities are going, it’s been a tough four years.” He adds, “We talked a little bit about bullion, but mostly about how the metals equities continue this four-year slide. I mean it’s been almost four years it’s the longest slide in the history of the metals business. Now there’s something that’s gonna happen, by the way even gold commentators now and the silver commentators are looking for smaller, either smaller gains or actually calling for a lower gold price by the end of the year.”
Mr. Calandra views the price of gold with optimism, not due to the mining companies themselves but because of an overseas headline he believes will kickstart the price of gold. “I’m looking for $1400 gold price because of what could happen at the end of November in Switzerland. There’s a Swiss National Bank – there’s a referendum that the Swiss are taking, they’re voting and it’s a binding referendum on their own central bank to hold their gold and to increase their gold and to increase their gold position 300 tons a year for five years.”
He explains how certain countries such as Switzerland, Germany, France and China love gold and how this might be the first step in going back to the gold standard if this referendum goes through. He explains how the US is one of “the largest, if not the largest official holders of gold. Nobody knows what the truth really is but apparently we have about 8,000 or 8,500 tons of gold. We don’t even know how that compares with the Chinese right, but we’ve always coveted our gold, so has Germany, so has France, so has China apparently and so has Russia, you know gold is a very interesting commodity.”
Update: Since our talk with Thom at the New Orleans Investment Conference, Switzerland came down with their decision. You can see more information about this annoucement here: http://www.businessweek.com/news/2014-11-30/swiss-vote-against-gold-deals-blow-to-investors-hurt-by-slump
For more information, check out their website: www.thomcalandra.com
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