Loading ...Why Gold Prices Will “Just Explode…In The Blink Of An Eye” (Frank Holmes=promises made; promises kept–LOL-LOL)
Mike Gleason: Getting back to metals here for a little bit. Gold and silver got off to a pretty start in 2019, it’s fallen back in recent weeks somewhat, but they’ve been pretty fickle, Frank. Positive developments for gold, such as the Fed doing an about face on interest rates, hasn’t really provided the bump that many thought it would.
What do you make of the recent action in the metals, where do you think they might be headed in the months ahead? Will we finally get a sustained upside move and take out some of these major overhead resistance levels, say $1,350 – $1,375 in gold and $16.50 – $17 in silver, what are your thoughts there, Frank?
Frank Holmes: I think it happens in a New York second, and then it’s going to go sideways for a while but it’s just going to surprise everyone and just explode. And find that new level and hang around $1,400. That’s my thoughts on it and it will surprise in the blink of an eye how that happens. There will be some type of event and I believe that the peak gold is here. So, if we have rising in the amount of printing money and GDP per capita is rising around the world and with the cultural affinity for gold… we have peak mine supply, I remain pretty constructively bullish.
https://www.gold-eagle.com/article/why-gold-prices-will-“just-explode…-blink-eye”