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Compiling comments that experts make about stocks while on public TV.

2013-09-13

General Comment by Alice Tsang

Bias Subject Owned
CAUTIOUS on METALS CANADIAN RESOURCES _N/A

Gold. Expects it to go lower before going higher. Faces a few challenges, including a rising rate environment and Fed tapering. Consumer consumption as well as investment in the 2nd quarter of this year dropped about 12% as compared to 3% last year. Investment demand actually dropped 50% with consumer demand increasing about 60%. In the next few quarters, if you have less consumers coming into the market, she feels there will be a larger shortfall on the demand side. Because of this, she is very cautious on gold. We still don’t know where central banks interests are in terms of buying gold. She is very cautious on gold.

Alice Tsang
Portfolio Manager, Marquest Asset Management

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