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As gold nears the $1,800 an ounce degree, currently would be a great time to gradually build a lengthy position in the direction of $2,300, which is still "in the cards" for 2021, stated Bill Baruch, president of Blue Line Futures.
0:00 – Why has gold been dropping?
4:00 – Speed round – lengthy or brief?
7:53 – Gold price pattern
12:10 – Risk-on belief
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Gold is being ‘cleansed’ now, but $2,300 is still in the cards – Bill Baruch
As gold nears the $1,800 an ounce level, now would be a good time to slowly build a long position towards $2,300, which is still “in the cards” for 2021, said Bill Baruch, president of Blue Line Futures.
0:00 - Why has gold been falling?
4:00 - Speed round - long or short?
7:53 - Gold price trend
12:10 - Risk-on sentiment
__________________________________________________________________
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.
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