David Skarica: Gold Set to Break $2,000 in 2019

By govind friedland / January 24, 2018 / www.youtube.com / Article Link


To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.comDavid discusses the dollar rolling over, and it's recent weakness and how it compares with past declines. We could see a continued dollar decline with a rise in stocks and a stagflationary period taking hold.He likes the current gold chart. The last time we saw something like this was back in 1998 and when it broke out in 2002 and kept running to $2000 an ounce. Once again we have a four-year base, and the longer the base, the more likely the corresponding rise. This should be the start of a major run and $1500+ gold by summer is possible.Gold stocks are lagging likely due to outflow from the ETF's due to the various bubbles. Juniors have yet to move along with gold so there exists many good opportunities in the space.Inflation is not yet being reflected in the price of gold. There are many other asset bubbles for example in real estate, stock markets and cryptocurrencies where inflation is showing up. Normally gold is seen as a safe haven however most investors are not currently interested. Every time the Fed prints money it flows into a different sector, this next cycle could flow into real assets.He examines cryptocurrencies and expresses concerns with bitcoins recent parabolic moves. Parabolic moves usually result in parabolic declines after a top. If bitcoin breaks below 9200, then we may end up at 5 or 6 thousand by March.

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