Gundlach sees short term reversal for gold, but much higher prices in the long-term
“‘I’m not surprised to see gold drop $100-plus [Tuesday]. I think yields have started to drift higher at the long end. I’m not interested in long-term treasury bonds at all. I’m not interested in short-term treasury bonds really at all, either.’ Gundlach added.”
USAGOLD note: Sounds like Gundlach is keeping some powder dry …… Hoping for a near-term buying opportunity. He has been a steadfast gold bull for a number of years.
Repost from 8-12-2020