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EB Tucker of the Tucker Letter shares his outlook for gold’s next 90 days, commenting that the yellow metal’s position remains strong.
“Every reason is out there for gold not to be doing great. The economy is very slow, real rates are acting in a way that would normally predict for gold to be struggling, the yield curve is no longer inverting … there’s a lot of heavy things happening, and you would think gold would be weak during that time,” he said during the conversation. “But it’s very strong, and I think we’re going to move up to that US$2,150 to US$2,200 (per ounce) trading level by the middle of the year.”
This interview was filmed on January 21, 2024.
#Investing #Mining #Gold
0:00 – Intro
0:28 – Gold’s next 90 days
3:54 – Fed and repo market
9:55 – Rattles in the system
12:45 – Oil stocks and energy
17:19 – Get busy living
19:34 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
