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Gold’s role as the primary inflation hedge has been replaced by other assets, as investors bet on raw commodities to outperform during a reflationary environment, said Phil Streible, chief market strategist of Blue Line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
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Видео Here's when gold price will bottom says Phil Streible канала Kitco NEWS
“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.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Here's when gold price will bottom says Phil Streible канала Kitco NEWS
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