The Street: It's a Great Time to Buy Gold

December 16, 2019

Article by Daniela Cambone in The Street

With trade war tensions still high, and uncertainty with monetary policy, the prospects of gold prices climbing higher are good, this according to Bill Baruch, president of Blue Line Futures.

“I’ve been doing a number of things here, planning for December 23, the second half of December, and that’s really when the seasonally bullish time of the year kicks in. It’s been hit about 80% over the last 14, 15 years, you’ve made money through January being long gold,” Baruch told Kitco News.

On speculation from Credit Suisse that the Federal Reserve will launch another round of quantitative easing next year, Baruch said that this may point to a liquidity crunch.

“You’re going to see the swap market dry up and then there’s going to be a liquidity crunch.

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