If CPI continues to move higher, "gold will take off,” says Chris Mancini, Gabelli Funds Senior Analyst. Inflation is going to come down, "and it won't persistently stay at this level," he tells our Daniela Cambone. As the Fed raises rates through this year, "economic activity will decline," which will be a driving factor for precious metals to go up, he says. "Gold has a way of making its way into markets," Mancini continues, saying he doesn't see a supply shock in the precious metal's forecast. The industrials and materials sector analyst says when deciding on miner companies worthy of investment, "you have to pick the miners least exposed to cost inflation." “You can't make another gold," as it stands unique among all safe haven opportunities, Mancini concludes.
