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The reasons for gold price to test the $3,000 range; rally isn’t over yet
Gold prices are not due for a correction, and a further rally towards $2,000 could happen if certain triggers in the economy are pulled, said John Kaiser of Kaiser Research Online.
“The reason for gold to reprice into the $2,000 to $3,000 range is linked to this uncertainty, just growing and growing, and what will be the trigger that suddenly makes people say, Humpty Dumpty has fallen off the wall, and nothing will ever put them together again, and then start buying gold because there is no alternative really to the U.S. dollar,” Kaiser told Kitco News on the sidelines of the Xplor Mining Convention. (show less)
Gold prices are not due for a correction, and a further rally towards $2,000 could happen if certain triggers in the economy are pulled, said John Kaiser of Kaiser Research Online.
“The reason for gold to reprice into the $2,000 to $3,000 range is linked to this uncertainty, just growing and growing, and what will be the trigger that suddenly makes people say, Humpty Dumpty has fallen off the wall, and nothing will ever put them together again, and then start ... (read more)
XPLOR 2019
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