“Monetary policy going forward will dictate what the gold price does,” says Rudi Fronk, founder and chairman of Seabridge Gold. “We think [the Fed] will err on the side of keeping rates low,” he says to our Daniela Cambone at the 2022 GSA Investor Day Conference, and mining stocks need to earn their reputation back by not lagging behind the gold market as they have over the last thirty years. “I am a gold bull now because of what’s going on in the global financial system,” he says, “and I think it’s setting itself up for a big run.” Fronk concludes that mining operations are vital to green energy initiatives moving forward, and, “as mines get shut down, it’s going to put a lot of pressure on the market.”
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