Gold and silver: how to lose your money
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
There is an increased level of chatter amongst alarmist gold and silver personalities trying to worry investors about an upcoming "economic collapse". CPM Group's Jeff Christian discusses why investors should not fall prey to them, even in the face of a recession.
He then provides an update on gold and silver, analyzing that the the fear of interest rate hikes have fueled the recent decline in almost all markets. CPM Group sees this price decrease as an interruption in a longer upward trend, and that we should continue to expect volatility leading up to the Fed meeting next week.
Jeff concludes the presentation with an anecdote about Jack Dorsey, and why knowing when to sell an asset is just, if not more important than knowing when to buy.