Jan 30, 2018 Guest(s): Vince Lanci
U.S. stocks and the dollar were down on Tuesday's session, but gold hasn't rallied on the news. Vince Lanci of Echobay Partners said that gold's failure to respond to the dollar signaled that the yellow metal was overbought the first time it rallied."Gold's underperformance, or not getting the message from the dollar today, is a red flag," Lanci told Kitco News.Short-term oscillations, however, does not affect Lanci's longer term view, and he still maintains his one-year price target of $1,750-$1,800 per ounce for gold. "In terms of a one-year price target, the behavior that we're seeing today is fine," Lanci said.