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Here’s why gold won’t breach $2,000 soon; don’t get burned by this trading mistake –panel discussion

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The path of least resistance is up for stocks, and "fighting the Fed" is not a smart choice currently.

In a panel discussion, expert investors Florian Grummes, managing director of Midas Touch Consulting, and also Expense Baruch, president of Blue Line Futures, both stated that shorting the marketplaces throughout record-levels of quantitative easing is not an excellent suggestion.

They talk about the timeline for gold's relocation higher, why gold is not likely to breach all-time highs this year, and that following year is likely to see a more considerable rally in the yellow steel.
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Here’s why gold won’t breach $2,000 soon; don’t get burned by this trading mistake –panel discussion

The path of least resistance is up for stocks, and “fighting the Fed” is not a wise decision at this time.

In a panel discussion, veteran traders Florian Grummes, managing director of Midas Touch Consulting, and Bill Baruch, president of Blue Line Futures, both said that shorting the markets during record-levels of quantitative easing is not a good idea.

They discuss the timeline for gold’s move higher, why gold is unlikely to breach all-time highs this year, and that next year is likely to see a more substantial rally in the yellow metal.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.