Replies to post #39713 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[NYBob]

What will happen to gold prices once stocks get slammed this quarter
Jan 20, 2020
Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist,
Big Picture Trading -


https://stream2.kitco.com/20_01_19_Ceresna_liferay.mp4

Gold prices are on track for another rally into the $1,700 an ounce
price range on the back of frothy equity markets, this according
to Patrick Ceresa, founder and chief market derivatvies
strategist at Big Picture Trading.

"I feel that generally, the bull trend for gold is intact as
long as gold can hold above $1,500 during this consolidation
that we're in.
If that's the case, then this is actually a compelling
buy on dip on gold for a move towards $1,700,"
Ceresna told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.
On equities, Ceresna said the S&P 500 is due for a 200 to
300 point drop this quarter. (show less)