One pro just warned we are witnessing an eerie calm before the storm as people around the world endure one negative thing after another.
Golden Frustration
September 10 (King World News) – Eric King: “Matthew, it’s been very frustrating for people to watch what’s happening and yet see the price of gold muted. Can you talk about that?”
Matthew Piepenburg at Matterhorn Asset Management (based in Switzerland): “Yes. It’s an interesting time. The conditions are ripe in so many ways with inflation obvious but clearly no longer transitory. And with real rates consistently negative, which is a perfect setting for gold, and the price consolidating above its channels, but it hasn’t made that rip North that we would normally expect in these kind of perfect conditions. I think people just have to be patient because it’s the calm before the storm. And that calm, how long it lasts and how big that storm will be is for history to determine, but our conviction hasn’t changed at all. It is an eerie calm right now as the rest of the world seems to unfold in negative ways all around us… to listen to this timely and powerful audio interview about the gold and silver markets and what surprises to expect in the rest of 2021 CLICK HERE OR ON THE IMAGE BELOW.
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