Here’s Why Gold Won’t Breach $2,000 Soon; Don’t Get Burned by This Trading Mistake – Panel Discussion

from Kitco NEWS

The path of least resistance is up for stocks, and “fighting the Fed” is not a wise decision at this time.

In a panel discussion, veteran traders Florian Grummes, managing director of Midas Touch Consulting, and Bill Baruch, president of Blue Line Futures, both said that shorting the markets during record-levels of quantitative easing is not a good idea.

They discuss the timeline for gold’s move higher, why gold is unlikely to breach all-time highs this year, and that next year is likely to see a more substantial rally in the yellow metal.
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