James Passin: The Feedback Loop
November 22, 2009 at 18:20 PM EST
Source: The Gold Report; interviewed by Karen Roche, Publisher 11/20/2009 Today’s extraordinary loose monetary conditions are "benefiting hard assets," according to James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II. Surplus liquidity is flowing into ETFs that buy commodity futures and physical commodities, which James says, is "creating a feedback loop" that is driving up the price of resources. James discusses gold’s momentum, as well as its associated near-term risks and shares some hot companies and sectors he’s following right now in this exclusive interview with The Gold Report. The Gold Report: James, last December, you commented on…