Gold's rise to US$1,500 per ounce last year was unexpected for some market participants, but for EB Tucker, the yellow metal's price increase came as no surprise. Tucker, who is a director at Metalla Royalty & Streaming, accurately called that move, and last fall he predicted that the yellow metal will take out its old high in 2020. "Not only do we think (gold will pass its all-time high this year), we've gotten some clarity on how that might happen," Tucker told the Investing News Network.
Part 1 (part 2 below)
"I'm going to tell you a secret that is going to enrage all the message board people that are chatting about stocks on all the favorite message boards ... cash flow in the royalty business is of very little importance," he said.
Part 2
Mr. Tucker writes The Casey Report, a monthly investment advisory founded by legendary resource speculator Doug Casey. Prior to joining Casey, he served as the analyst and lead analyst on Stansberry's Investment Advisory and The Bill Bonner Letter respectively. Before joining Stansberry, Mr. Tucker was a founding partner of KSIR Capital Management; an asset management firm focused on precious metal equities. He also co-founded KSIR Capital, a corporate finance advisory firm focused on the precious metals industry. He holds a B.Sc. in Business Administration with a focus in Finance from the College of Charleston in Charleston, South Carolina.