‘Don’t Understand Why the U.S. Would Ever Want To Have Strongest Currency’ – Randy Smallwood

Daniela Cambone is back at Kitco News’ home studio in Montreal, joined by Silver Wheaton CEO Randy Smallwood to talk about the latest developments at his company as well as the current state of the mining industry. The biggest challenge facing precious metals prices right now, according to Smallwood, is the strength of the U.S. dollar. “I just don’t understand why the United States would ever want to have the strongest currency,” he said, adding that he just wants the Federal Reserve to get the rate hikes “done and behind us.” He also noted that the mining space is approaching a turnaround due to a lack of investment in the sector as well as many companies “treading water, perhaps almost drowning.” “The world continues to consume these minerals and needs these minerals to go forward and so, it will eventually turnaround,” he said. “I think we’re at a bottom in this price cycle.” Smallwood also comments on Silver Wheaton’s Q3 results, its latest deal with Glencore, as well as tax issues faced with the Canadian Revenue Agency. Kitco News, November 19, 2015.

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