Ross Beaty: '2016's Going to Be The Bottom'



http://investingnews.com/daily/resource-investing/energy-investing/ross-beaty-market-bottom-pan-american-silver-alterra-power/ The market might be down, but Ross Beaty, mining legend and chairman of Pan American Silver (TSX:PAA) and Alterra Power (TSX:AXY), is still optimistic. Beaty stopped by the Investing News Network booth at the recent Vancouver Resource Investment Conference to talk about gold, silver, clean energy and more. When asked Beaty where investors might find some optimism amidst the current lengthy bear market, he stated, "I think its going to bottom very, very soon. I expect actually 2016's going to be the bottom ... we've seen a real capitulation in a lot of investors, in a lot of commodity prices. I just love when that happens, because that, to me, is a real signal of [being] close to the bottom." Other highlights from our conversation included: Positive factors he sees for gold and silver prices, including the importance of investment demand, industrial demand (for silver) and how these metals have held up against the strong US dollar Why he likes Kaminak Gold (TSXV:KAM) and Dalradian Resources (TSX:DNA) Why he's interested in renewable energy as a long-term business, and what to expect from Alterra Power this year Watch the video above for more of what Beaty had to say.

Comments

  1. Always great to hear thoughts on the markets from Ross. nice interview!


Additional Information:

Visibility: 5880

Duration: 8m 29s

Rating: 30