Gold Fever: Adam Hamilton Explores the Surge in Prices

October 14, 2024 00:20:43
Gold Fever: Adam Hamilton Explores the Surge in Prices
Natural Resource Stocks
Gold Fever: Adam Hamilton Explores the Surge in Prices

Oct 14 2024 | 00:20:43

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Show Notes

In this episode, Andy hosts Adam Hamilton to discuss the recent rally in gold prices, which are reaching all-time highs. They dive into the reasons behind this surge, including the impact of central bank fiat currency injections and global investor interest. Adam shares his short-term bearish outlook on gold due to its extreme overbought condition and the heavy leverage by speculators in the futures markets, which could lead to a corrective pullback. The conversation also touches on the role of central bank purchases, particularly by countries like China and Turkey, and the potential influence of American and Chinese investment behavior.…

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