This Analyst’s $1300 Gold Call Was On The Money; Now What?

from Kitco NEWS

lass=”” >When market sentiment was extremely bearish for gold, one analyst stuck with his $1,300 call. Now that the metal hit that level and continues to trade near 15-month highs, does he remain bullish? Mike McGlone of McGlone Advisors told Kitco News that he remains constructive on the yellow metal, as well as silver. ‘The near perfect storm against gold — Fed tightening in a global deflationary environment, the strong US dollar, strong stock market and collapse in commodity prices — appears to have ended and may be reversing,’ he told Daniela Cambone Tuesday.

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