On April 16, Morgan Stanley lowered its 2013 gold forecast by 16 percent on April 16, and Bank of America Corp. removed its 2014 price target of $2,000.
Michael Coleman, founder and COO of Aisling Analytics, the manager of the Merchant Commodity Fund, said Currie is an “acknowledged guru,” and “one of the best analysts in the commodity space.” Coleman has been a client of Currie since around 2005.
‘Solid Work’
“He does very solid work,” Coleman said. “We don’t always agree with him but he’s thought-provoking. He has a great ability to pull together short and long term factors into narratives and investment theses. We make our own investment decisions but we always want to hear other credible people’s views.”
Currie, who lives in Fairfield, Connecticut, said he travels 132 days out of the year. Members of his research team are based in New York, London, Singapore, Hong Kong and Sydney.
“Unlike equities which are by definition regional, commodities are truly a global market,” Currie said. “That’s one reason why I’m on the road so much, because of that. It’s predominantly corporate players in the market, so I’m not going to places like Boston or Zurich. We’re going to places like Lagos and Johannesburg, as opposed to where the investors are.”