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Surprise! Gold To Fall To $1,000 In 2019 - Blackstone

From kitco.com

One of the big ten surprises that await investors in 2019 is gold dropping to $1,000 an ounce, said Blackstone Private Wealth Solutions vice chairman Byron Wien in his annual prediction. While the majority of analysts expect the gold rally to continue -- and for the yellow metal to break out to the upside, after breaching its key psychological $1,300 an ounce level -- Wien sees the opposite happening in 2019. “That’s a real surprise [of 2019],” he said. “Gold [will] drop to $1,000. My thinking is that gold has been in a consolidation period for about four years. Everybody thinks if it breaks out of its trading range, ... (full story)

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  • Category: Fundamental Analysis