Monetary policies continue to be the dominant driver for gold’s next critical level, this according to Dan Oliver, founder of Myrmikan Capital. “What I look at is the balance sheet of Federal Reserve,” Oliver told Kitco News. “When [government] bonds finally break down, and they will break down someday because congress is insolvent, the only thing else on the Fed’s balance sheet is of course the gold, because they said they have 8,100 tonnes of gold.”
_________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit
Follow us on social media:
Facebook -
Twitter -
Google+:
StockTwits -
Live gold price and charts:
Live silver price and charts:
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
0 Comments