Signals Show Great Upside For Gold In 2019, Palladium strongest of all – Bloomberg Intelligence
Dec 17, 2018
Guest(s): Mike McGlone
Gold is showing a divergence with the dollar and stocks, indicating upside potential for the yellow metal in 2019, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
“A lot of the drivers are turning positive. The volatility of the stock markets is turning up, from the lowest ever…and the dollar has had a substantially strong year. The trade-weighted dollar is the best performing major asset class on the planet this year. It’s up 8% this year, yet gold is trickling, it’s up 6%. To me, I see a sign of divergent strength,” McGlone told Kitco News.
McGlone added that those pressure factors are likely to go away in 2019, paving the way for gold to rally.
Kitco
PALLADIUM
At the retail level, Gold is booming but Palladium has eclipsed all metals, up over 50% in 2018 , “sales of physical gold coins are on the rise but the new low – minted Palladium Eagle has outperformed them all and this is the time to buy, before year end” says Jack Dempsey president of 401 Gold Consultants. Palladium, used as a emission control on gas engines,” has an incredibly high demand to low supply now” and is expected to rise even more in 2019, continuing to outpace the rest of the precious metals.
Jack Dempsey, President
401 Gold Consultants
jdemp2003@gmail.com