With gold prices taking a breather below US$2,000 per ounce, investors are wondering when the price will rise again.
National Investor founder, editor and publisher Chris Temple shares his macroeconomic outlook and take on gold, explaining how the yellow metal climbed to the $2,000 level and its price. He explained three factors that increase the
“I think there are three things that have to happen, similar to what happened in 2008, for the gold price to continue to rise,” he said. Ultimately, we’re going to take gold stocks with us,” he told the Investing News Network. .
The first element is that the US Federal Reserve needs to turn around. And that Temple means a true turn, not a pause.
“Something needs to come up and make them say, ‘It’s over.’ And not only is it over, but we’re ready to help, whether it’s the economy, the system, whatever.” is what we need to hear from the Fed, (and) we’re nowhere near it,” he said.
The second factor is that the economy needs to get more bogged down as the Fed turns around and starts printing money. Third, other avenues for investors must be cut off. In other words, distractions need to be eliminated.
“We need to make sure these three things,” he stressed. “I think they’re coming,[but]not all of them are coming on the same day or the same week, and I think we’re talking about months rather than years before we find out. “
Temple also spoke about uranium, saying there is no better story at the moment. Although he doesn’t want to predict how high the price of gold will go, he said he’s open to commenting on the price of uranium.
“In the next year or two, I’ll give you the numbers because I have a better understanding of this, but within two years uranium will be $100 a pound again,” he said. said during an interview.
For more on gold, uranium, and more by Temple, watch the video above.
don’t forget to follow me @INN_ Resources To get real-time updates!
Securities Disclosure: I, Charlotte McLeod, have no direct investment rights in any company mentioned in this article.
Editorial Disclosure: Investing News Network does not guarantee the accuracy or completeness of information reported in interviews it conducts. The opinions expressed in these interviews do not reflect those of Investing News Network and do not constitute investment advice. Readers are encouraged to conduct their own due diligence.
from an article on your site
Related articles on the web
window.REBELMOUSE_LOWEST_TASKS_QUEUE.push(function(){
console.log('INNC-1459')
});
window.REBELMOUSE_LOWEST_TASKS_QUEUE.push(function(){
if (!REBELMOUSE_BOOTSTRAP_DATA.isUserLoggedIn) {
const searchButton = document.querySelector(".js-search-submit"); if (searchButton) { searchButton.addEventListener("click", function(e) { var input = e.currentTarget.closest(".search-widget").querySelector("input"); var query = input && input.value; var isEmpty = !query;
if(isEmpty) { e.preventDefault(); input.style.display = "inline-block"; input.focus(); } }); }
}
});
window.REBELMOUSE_LOWEST_TASKS_QUEUE.push(function(){
var scrollableElement = document.body; //document.getElementById('scrollableElement');
scrollableElement.addEventListener('wheel', checkScrollDirection);
function checkScrollDirection(event) { if (checkScrollDirectionIsUp(event)) { //console.log('UP'); document.body.classList.remove('scroll__down'); } else { //console.log('Down'); document.body.classList.add('scroll__down'); } }
function checkScrollDirectionIsUp(event) { if (event.wheelDelta) { return event.wheelDelta > 0; } return event.deltaY < 0; } }); window.REBELMOUSE_LOWEST_TASKS_QUEUE.push(function(){ !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '2388824518086528'); });