SOURCE: Streetwise Reports

Streetwise Reports

April 22, 2016 09:00 ET

Mackie's Barry Allan Interviewed by The Gold Report

SAN FRANCISCO, CA--(Marketwired - April 22, 2016) - Donald Trump and Hillary Clinton may have very little in common, but Barry Allan, vice chair of mining for Mackie Research Capital, says if either moves into the White House, the U.S. dollar will fall and gold will rise. A higher gold price bodes well for gold equities, and in this interview with The Gold Report, Allan and his colleague Ryan Hanley share the names of some of their top picks for this environment.

Included in this interview is: Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF).

The Gold Report: Barry and Ryan, welcome back to Streetwise Reports. I'm excited to get your thoughts on the market and a few stocks. We've had the first wave of a possible uplift in the precious metals markets. The presidential election is coming up in the U.S. in November. What do you think a Donald Trump or a Hillary Clinton win would mean for gold, gold equities and the Canadian dollar?

Barry Allan: Looking at the election from north of the border and as it pertains particularly to gold bullion, we have taken the view that either a Clinton outcome or a Trump outcome would probably lead to a weaker dollar and, hence, a stronger gold price environment. From where we sit, either of those outcomes, whether it would be Trump, which seems to be controversial to say the least, or Clinton, which would result in a much more Canada-like budget, would probably not play well for the U.S. dollar. We see either outcome as being supportive of the gold price.

We also would layer in there oil prices, which we think are probably going to go higher. That will strengthen the Canadian dollar, but it will hurt the U.S. dollar as well. We see all those things conspiring to put us in a reasonably good gold price future.

TGR: Would that bode well for U.S. investors buying Canadian mining stocks?

BA: Yes, it would. Also, silver has really lagged the gold price and is now finally starting to show a bit of catch-up. There might be a little bit more bias toward silver over the next year because…

Continue reading this interview: President Trump? President Clinton? Gold Up in Both Scenarios: Mackie's Barry Allan

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Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. Our exclusive interviews with leading industry experts and analysts provide a clear picture of the causes of macro-economic shifts and the strategies that help you capitalize on developing trends.

DISCLOSURE:

Balmoral Resources Ltd. is a sponsor of Streetwise Reports. Barry Allan had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Allan and not of Streetwise Reports or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. 

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