February 28, 2018

Gold could see more gains

Gold is having a great run in the past few quarters. Below is an excerpt from Doug Kass recent market note on the yellow metal.

"My optimism on gold is an outgrowth of my belief that with both Democrats and Republicans endorsing more federal spending, the U.S. financial house is in disorder. Complicating the current state of our fiscal affairs is a too-low savings rate.

Dangerously, all of this exists at a time when foreign capital is funding rising trade deficits. The risk is that this is happening as the Trump administration seems to be sanctioning a lower U.S. dollar and has proposed trade policies that could hurt non-U.S. capital providers like China."



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