Gold has broken through the $2300 level, one market veteran has a bullish call

CNBC - Juerg Kiener, chief investment officer at Swiss Asia Capital, told CNBC’s “Street Signs Asia” on Wednesday that his forward curve analysis for gold “looks fantastic.”

“If you look at your forward curve for a year it’s about 26 [$2,600]. I think we might be really fast as we take 23 [$2,300] out, it has a lot of pent-up demand,” he said.

He added that an inventory collapse in the gold market is putting “a lot of derivative structures at risk.”

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