Durrett believes Washington will ultimately prioritize economic growth by expanding the money supply, supporting a prolonged rally in gold. He also expects the Federal Reserve to cut interest rates twice this year and twice more in the first half of next year after an equity market correction. He believes it could climb to 2, implying both higher gold prices and a weaker equity market. Instead, Durrett prefers producers and developers, which he says offer greater leverage to rising gold prices. The forecasts depend on a second leg in the gold market beginning within months and on a sharp equity market correction.