Can the rally proceed? This analyst thinks it may well, and he’s sticking to his Labor Day worth targets…
David Hunter inverviewed on Palisade Radio
David is sticking to his goal of $1550-$1600 for gold, which he predicts will likely be reached round Labor Day. For silver, he feels that $26 continues to be a particular risk. He says, “When individuals turn out to be extra taken with gold silver will head increased. Silver normally underperforms on the downward strikes in gold and outperforms when gold rallies.” He feels that the markets are heading for an additional unwinding occasion just like 2008, and that’s prone to happen early subsequent yr.
zero:40 – Outlook for gold and silver.
2:50 – Affirmation bias and errors traders make.
5:00 – Understanding market sentiment.
6:30 – Contrarian view on oil markets
11:00 – Books that formed Davids viewpoints.