"Gold Will Be Overnight Success, 30 Years In Making,"
Feb 12, 2018 9:04:24 GMT 12
Post by RKC on Feb 12, 2018 9:04:24 GMT 12
G'day,
"Gold Will Be Overnight Success, 30 Years In Making,"
Gold has been “benignly ignored” during the recent equities selloff, according to one veteran trader.
“Gold is being purely a proxy for the dollar, which is commanding more demand by people in a panic,” Vince Lanci, founder of Echobay Partners, told Kitco News.
According to the trader, the yellow metal will likely soar “overnight, 30 years in the making,” meaning that investors will flock to the safe haven once it is understood that it is the best possible hedge instrument against equities corrections.
Regards,
Rob (RKC)
"Gold Will Be Overnight Success, 30 Years In Making,"
Gold has been “benignly ignored” during the recent equities selloff, according to one veteran trader.
“Gold is being purely a proxy for the dollar, which is commanding more demand by people in a panic,” Vince Lanci, founder of Echobay Partners, told Kitco News.
According to the trader, the yellow metal will likely soar “overnight, 30 years in the making,” meaning that investors will flock to the safe haven once it is understood that it is the best possible hedge instrument against equities corrections.
Regards,
Rob (RKC)