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Thread: Gold Will Sustain Rally - Frank Holmes

  1. #1

    Default Gold Will Sustain Rally - Frank Holmes

    Gold's rally on Tuesday comes as equities took a hit, and the yellow metal is likely to see sustained momentum upwards, said Frank Holmes, CEO of U.S. Global Investors.
    "Gold is above the 200-day moving average, 10-year is hitting 3%, last time it did this, it was below the 200-day moving average. It's flirting with the 50-day moving average, and I think the CPI numbers are going to be higher, and I think if that's all of a sudden going to pivot then gold will trade higher, so I remain bullish," Holmes told Kitco News.
    Although Holmes is bullish on gold, he is also constructive on bitcoin, as he sees millennials moving their money into the crypto space going forward.




  2. #2
    Join Date
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    The bond king, Jeffrey Gundlach, analyzes the markets and reaches the
    conclusion that gold is ready for a rise of 1,000 $:

    https://www.sharpspixley.com/articles/lawrie-williams-gold-signalling-a-$1-000-price-rise-gundlach_278964.html

    My note: I generally rely more on facts than on opinions. However,
    I also rely on the opinions of highly competent people, with lots
    of DEMONSTRATED competence.

  3. #3

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    Quote Originally Posted by oak333 View Post
    The bond king, Jeffrey Gundlach, analyzes the markets and reaches the
    conclusion that gold is ready for a rise of 1,000 $:

    https://www.sharpspixley.com/articles/lawrie-williams-gold-signalling-a-$1-000-price-rise-gundlach_278964.html

    My note: I generally rely more on facts than on opinions. However,
    I also rely on the opinions of highly competent people, with lots
    of DEMONSTRATED competence.


    I have the feeling he is going to be wrong ...... Very wrong.....
    Last edited by Silver and Gold; 04-25-2018 at 04:00 PM.

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