(Kitco News, Mon. March 16th, 2020 2 pm CST ) – Gold, like most assets across the board, have taken a hit Monday, but medium to long-term, prices should recover to eventually reach new highs, said Bill Baruch, president of Blue Line Futures.
“There is going to be a bottom here, there is going to be a tremendous buying opportunity. In fact, in my morning note to clients, I made a point to say that I feel very confident that gold is going to be setting a new record high in the intermediate or long-term,” Baruch told Kitco News. “Once gold stabilizes and other asset classes stabilize, you’re going to be able to ride the wave higher.”
Posted by Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com