Gold Price Sentiment Is Comparable To Near Death- Source – Kitco News (5/13/2019)

A good analogy to describe the gold price cycle is to use a coffin, said Chris Mancini, analyst at Gabelli Gold Funds. “I think that in terms of the sentiment within the gold market and the gold mining market is that we’ve had a few near death experiences, in terms of being put in the grave. So when gold went down to $1,050, for the gold mining sector, that was one step above the bottom of the grave,” Mancini told Kitco News on the sidelines of the Mines and Money New York conference.



SUBSCRIBE TO THE BRAND NEW WALLSTREETWINDOW PODCAST VIA OUR RSS FEED
Subscribe in a reader


Share This Post