Hedge fund manager maintains bullish gold stance; expect monetary disruptions

Gold’s selloff this week was characteristic of a bull market, said Sean Fieler, president and CIO of Equinox Partners, a value-oriented gold equities hedge fund. Fieler maintains a constructive stance on gold and gold stocks in the long term, owing to abnormal monetary policy from the U.S. Federal Reserve.
“This crisis has taken our fiscal deficits to unprecedented levels, merged monetary and fiscal policy in a way that the academy has long argued should never happen, and given the Fed a free reign, a license, to go back to very aggressive policies that it was pursuing in the last decade,” Fieler told Kitco News. “So, it’s not normal and it doesn’t look to be going back to normal any time soon.” (show less)

Gold’s selloff this week was characteristic of a bull market, said Sean Fieler, president and CIO of Equinox Partners, a value-oriented gold equities hedge fund. Fieler maintains a constructive stance on gold and gold stocks in the long term, owing to abnormal monetary policy from the U.S. Federal Reserve.
“This crisis has taken our fiscal deficits to unprecedented levels, merged monetary and fiscal policy in a way that the academy has long argued should never ... (read more)

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