from King World News
After yesterday correcting predicting that the GDP number would beat estimates and telling KWN readers to buy the initial dip in gold because it would mark a low for the correction, here is what a former associate of George Soros told King World News today.
Victor Sperandeo manages over $3 billion, has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Below is what Sperandeo had to say.
Victor Sperandeo: “The GDP number came in at 2.9 percent, and after an initial dip, gold is acting terrific. If you look at gold and silver, they should be trading down and yet they are trading higher. This is very strong action in the gold market technically and this setup is very bullish. Gold is now set up to trade above $1,400 and then above $2,000.