The man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that this trading action in the gold market as well as discussing what investors should expect to see for the rest of this year and 2022.
November 20 (King World News) – Eric King: “Egon, what are you expecting in terms of the way gold trades from here because we have this backing and filling (after the major upside breakout), but then gold will (eventually) accelerate higher and take out that ($2,070) high. What are you expecting for the rest of this year and 2022?”
Egon von Greyerz, Founder & Managing Partner at Matterhorn Asset Management (based in Switzerland): “I like this action. I like the fact that it goes to new (recent) highs and then it stays there. They are not managing to push it down like they have done since the peak in August of 2020. Now gold is going up and it’s staying at that (higher) level and it is consolidating. So we will see the run continue now and it will hit $1,900-$1,920, and whether or not it hits $2,000 before the year end is…to listen to Egon von Greyerz discuss what to expect this year for gold as well 2022 CLICK HERE OR ON THE IMAGE BELOW.
***To listen to Alasdair Macleod discuss the massive gold breakout, subsequent pullback and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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