Sprott Asset Management

At Sprott, our investment thesis for gold is significantly long-term in scope. We believe gold’s methodical advance since 2000 has had more to do with the growing disconnect between productive output (GDP) and ever-inflating claims on that output (debt and equity valuations), than with short-term fluctuations in variables such as CPI-type inflation or interest rates.

Trey Reik, senior portfolio manager at Sprott Asset Management, discusses the outlook for gold in 2017 and five major variables that will affect the gold market: Fed policy, the US dollar, 10-year Treasury yields, US economic performance, and US equity risk premiums.