Commodity Trade Mantra

Posts Tagged ‘Stanley Druckenmiller’

Who’s Right About Gold? Goldman or Almost Everyone Else

Gold is headed lower, says Goldman Sachs analyst Jeff Currie, who believes that the risk off environment which contributed to gold’s outperformance at the beginning of this year is less likely to repeat in the near future. This view differs starkly from others like Stanley Druckenmiller, Paul Singer, Jim Rickards & many others who think gold could go a lot higher. What do you think?

Billionaire Investor Blasts Fed, Says Sell Stocks, Buy Gold

The bottom line, in Druckenmiller’s view: The bull market in stocks has exhausted itself, after eight years of radical monetary experiment. As he said, now is the time to buy gold & you can do so while maintaining your privacy. You just need to understand the rules. Some regard it as a metal. We regard it as currency & it remains our largest currency allocation.

Gold Glimmers as Global Market Fear Grips Investors

When a currency loses value and falls out of favor, gold has tended to benefit as investors seek real assets. Gold prices have then been able to soar, just as we saw in the months following the financial crisis, eventually reaching an all-time high of $1,921 per ounce in September 2011. Gold is again glimmering with safe haven appeal & the Fear Trade, it seems, is in full force.

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