Wednesday, October 19, 2016

This Expert Sticks With 
$1,900 Gold Call, $25 Silver
Although gold prices have come under pressured the past few weeks, Monty Guild, founder of L.A.-based Guild Investment Management says he remains bullish, is still calling for the metal to climb up to $1,900 an ounce within a two to four year time frame. Gold & silver markets ended slightly higher Monday. Market participants are looking for new fundamental information to drive the markets .. ‘Technically, gold is at the end of its corrective phase, it could have one more wave down, maybe by a few bucks,’ Guild said. He is forecasting the Federal Reserve to hike interest rates by 25 basis points in December and then says, gold should hit $1,400 an ounce. Guild sees inflationary trends developing outside the U.S. & tensions in the Middle East as bullish factors for the yellow metal .. 3 minutes

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