Gold is Just Starting Its Bull Run to ‘Stupidly’ Higher Prices – Bloomberg Intelligence

from Kitco NEWS

Gold has seen some strong gains so far this year with prices holding above $1,700 an ounce, but it’s not too late to get into the market, which currently has unlimited potential, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

“As far as how high [gold] can go, it’s supposed to get to a period where it gets stupid expensive like the stock market did for a little while last few years,” he said. “Stock market’s been boosted by this massive amount of liquidity, but the question is how much longer that can last. I think gold has the upper hand.”
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