Gold To Retake Reigns; Palladium To Be “Tremendous Gain” In 2019
Dec 07, 2018
Guest(s): Bill Baruch President, Blue Line Futures
Gold will see renewed strength as a safe haven asset following the next December rate hike from the Feds, said Bill Baruch, president of Blue Line Futures.
On palladium, Baruch said that new regulations in the U.S. may create more demand for catalytic converts in automobiles, which is bullish for the metal.
“You may have to see through a bit of pain the first quarter of next year, if the global market has a bit of uncertainty, but I think if you manage your risks to the downside, palladium, building up a position in the first quarter of next year, is going to be a tremendous gain throughout 2019,” Baruch told Kitco News.
