Friday, September 02, 2016

Stifel Nicolaus Portfolio Manager:
Stick With Gold Right Now, 
Volatility Back Into Play In H2 
Kitco interviews Stifel Nicolaus portfolio manager Chad Morganlander who thinks gold will likely continue to shine as volatility comes back into play .. he expects the metal’s longer-term annual returns to be between 4-6% over the next 5 years. ‘We are recommending a overweight in gold,’ he said. The yellow metal has been under pressure on heightened rate hike expectations, trading at two-month lows. December Comex gold last traded down $5 at $1,311.50 an ounce .. he prefers investing in the underlying metal .. 5 minutes

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