Billionaire Investor: "Gold Has Everything Going For It" | Metals Mine

  • Billionaire Investor: "Gold Has Everything Going For It"

    From forbes.com

    Last week was a strong one for gold, which managed to eke out its fourth straight week of positive gains. The price of the yellow metal broke above $1,350 an ounce last Friday, while gold miners, as measured by the NYSE Arca Gold Miners Index, tested their 52-week high. Investors sought safe haven investments on a number of geopolitical risks, including protests in Hong Kong over the now-delayed extradition bill and an attack on two oil tankers near Iran and the Strait of Hormuz, the world’s busiest sea lane through which a fifth of global oil consumption passes. After placing the blame on Tehran, President Donald ... (full story)

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676f6c64
Jun 17, 2019 4:32pm
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This is from the same interview Paul Tudor Jones did with Bloomberg on the 12th:

https://www.metalsmine.com/news/923963-gold-price-going-to-1700-soon-says-billionaire

https://www.bloomberg.com/news/videos/2019-06-12/gold-is-paul-tudor-jones-s-favorite-trade-for-next-12-24-months-video
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bulltrap
Jun 17, 2019 5:04pm
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Guys like Jones, Gundlach, Dalio and the like give some credence to this price movement. News on things like the trade wars can turn on a goldless dime but institutional sentiment is a bit sturdier.
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