President of Miles Franklin Andy Schectman says gold usually sells off into December but then takes off to the upside into the end of the year. He forecasts higher precious metal prices into the end 2020. In addition to this seasonal trend, tremendous amounts of metal is being taken off the exchange.
Andy speculates that Bitcoin is adopting a negative correlation to gold because commercial banks are manipulated gold down. He says this is to create a narrative that Bitcoin is replacing gold. Are precious metals markets manipulated? Learn more about the debate: https://www.youtube.com/playlist?list...
Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.