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Here’s when gold price will bottom says Phil Streible
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Here’s when gold price will bottom says Phil Streible

March 13th, 2021 Kitco News comments

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Gold's function as the main rising cost of living bush has actually been changed by other possessions, as financiers bet on raw commodities to surpass throughout a reflationary setting, claimed Phil Streible, chief market strategist of Blue Line Futures.

" Commonly, [gold as well as inflation expectation] do correlate with each other because gold has actually traditionally been a wonderful asset class for rising cost of living," Streible said. "However, when all asset courses, as well as in especially products, essentially mosted likely to unprecedented lower levels, things like lumber, crude oil are going unfavorable, whatever from your grain markets, copper, whatever got smashed one year ago today … the price of those assets have actually removed on the upside."

0:00 – Temporary bearish action on gold
1:15 – Bond returns
1:57 – Inflation vs gold
4:45 – Crude oil
7:21 – Gold's medium-term play
9:38 – Gold miners
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Here's when gold price will bottom says Phil Streible

Gold’s role as the primary inflation hedge has been replaced by other assets, as investors bet on raw commodities to outperform during a reflationary environment, said Phil Streible, chief market strategist of Blue Line Futures.

“Typically, [gold and inflation expectation] do correlate together because gold has historically been a great asset class for inflation,” Streible said. “However, when all asset classes, and in specifically commodities, basically went to unprecedented lower levels, things like lumber, crude oil are going negative, everything from your grain markets, copper, everything got smashed one year ago today…the price of those commodities have really taken off on the upside.”

0:00 - Short-term bearish action on gold
1:15 - Bond yields
1:57 - Inflation vs gold
4:45 - Crude oil
7:21 - Gold's medium-term play
9:38 - Gold miners
__________________________________________________________________
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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