OTCQX:GTBAF - Post by User
Comment by
AuM2018on Jan 21, 2019 2:12pm
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Post# 29260674
RE:$1,500 Gold May Be In The Cards
RE:$1,500 Gold May Be In The CardsWhile I like Peter Hug's optimism, I take it with a grain of salt. He's a paid contributor for Kitco, he naturally should be bullish the yellow metal.
What makes me most bullish is news on generalist portfolio managers getting bullish on gold and gold equities.
Over the weekend, in a Barrons interview, Bond King Jeffrey Gundlach, of Double Line Capital, a very well followed capital markets savvy investor, discussed being bullish gold equities in the current environment.
Separately, on Friday, Kitco reported Sam Zell, founder of Equity Group Investments, said he bought gold for the first time in his life on Bloomberg TV.
Ray Dalio of Bridgewater Associates and David Einhorn of Greenlight capital also both recommended owning gold.
These guys are highly regarded as the "Smart Money" in the broader investment community. Regular commentators on Bloomberg and CNBC, and have a number of followers.
If they're saying the time is right to buy gold, there will be a number of generalists jumping on that bandwagon.
Let's hope they're right!