It Won’t Be A Parabolic Rise But $10,000 Gold Is Coming – Rickards

KitcoNews/Daniela Cambone/08-30-17

The bigger picture, the one I’m looking at, is that gold hit an interim low on Dec 15 and it’s been grinding higher ever since. It’s one of the best-performing assets of 2017,’ he told Kitco News. Gold prices rallied to 11-month highs this week as North Korea launched a missile over Japan and even if tensions seem to have cooled off, pushing the safe-haven metal back down to around $1,312.70 an ounce, Rickards is not quite convinced. ‘People seem to have very short attention spans. I’m just looking down the road and you can see the war is coming,’ he said.

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