Actionable news
0
All posts from Actionable news
Actionable news in NEM: NEWMONT MINING Corp,

Singer Says Gold Rally Just Beginning as Goldman Sees Losses

Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -0:00Playback Rate1Chapters
  • Chapters
Subtitles
  • subtitles off
Captions
  • captions settings
  • captions off
Fullscreen

This is a modal window.

No compatible source was found for this video. Foreground --- --- Background --- --- Window --- --- Font Size 50% Text Edge Style None Font Family Default Defaults Done Advertisement
Gold Prices Are Still Solid

Billionaire hedge fund manager Paul Singer said that gold’s best quarter in 30 years is probably just the beginning of a rebound as global investors -- including Stan Druckenmiller -- weigh the ramifications of unprecedented monetary easing on inflation.

“It makes a great deal of sense to own gold. Other investors may be finally starting to agree,” Singer wrote in an April 28 letter to clients. “Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies.”

Paul Singer Photographer: Chris Ratcliffe/Bloomberg

Gold for immediate delivery rallied 16 percent in the first three months of the year, the biggest quarterly surge since 1986, as the Federal Reserve...


More