Gold’s next uber rally is near, needs to hold $1,450 – Chen Lin
The China-U.S. trade war could be the key to another gold price “explosion”, says Chen Lin, founder of ChenPicks.com.
“If gold can hold up above $1,450 [an ounce] to $1,480, this could be, if we look at the charts, a good base for the next leg-up,” Lin told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek. “If you look at the calendar, this thing could explode in the next few weeks.”
Precious Metals Summit 2019
The 9th Annual Beaver Creek Summit will take place for three and a half days, starting Tuesday September 10, 2019 and concluding Friday, September 13, 2019.Precious Metals Summit offers the premier event that brings together the community of institutional investors, sell-side representatives and corporate executives from senior precious metals companies to meet and network with some of the most prospective producers, explorers and developers from around the globe.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
