8 Quotes by Victor Lazarovici

There are companies making money consistently, even at lower gold prices. Panic is the last thing you want to do.

The real impact of what we've seen in the first quarter will hit the second-quarter results, from the increasing momentum of the metal price.

Since making recent highs in February, gold stocks have continuously come down in price. We have reached a level that is uncomfortable for the industry. Some of the higher-cost producers are starting to feel the pinch.

We're in the midst of one of the greatest mining cycles we've seen in decades.

Just the mere concept of combining the No. 2 and No. 3 (nickel) producers in the western world into one company is enough to make regulators take a good hard look.

I think at long last they've got enough price appreciation to offset the pricing they've been struggling with. I don't see any reason they shouldn't be able to sustain or do better for subsequent quarters.

I think they'll negotiate with antitrust authorities and will come up with a solution.

This may be the realization after a long period of time that gold is no longer the bedrock of the world's financial system. And if it's no longer required as a reserve currency, then it makes sense for central banks to reduce their holdings of gold and convert to more profitable investments.