News Bites
Gold bull rally is only in second inning; price "explosion" yet to come
(Kitco News) - A more explosive gold market is on its way, and we may not see another equities bull market again for years, this according to Peter Grandich of petergrandich.com and the founder of trinity financial.
“We’re going to see a more explosive, a more volatile [gold market], and that’s simply because so long as the stock market…one thing you don’t want to see if you’re a gold bull, you don’t want to see a stock market crash, because money would be lost and not be able to switch over. I think they’ll be more of a rollover in the stock market,” Grandich said. “I don’t think there will be another general equity bull market in my lifetime.”
If even some of the money from the equities market rolls over into gold, this could create the necessary flows to make a major rally happen, he noted.
Grandich noted that we are currently still in the opening phases of the new bull market, and that gold has a lot of room left to run higher.
“It’s a whole new ball game. If you said it’s a nine-inning game, we’re at best in the second inning of the bull market,” he said.
