| Videos | Channels | Search |
These gold predictions are astonishing
Gold prices have been steadily recovering. But what's the longer term trend? Opinion is deeply divided. Prices are down by around a quarter this year. Saxo Private Bank's Chief Investment Officer, Teis Knuthsen tells Saxo TV's Sara Walker gold has another 30% to drop before gold is in line with inflation and another 40% before it's aligned to equity markets. Teis believes we're just at the beginning of a long term bear markets.
However, there are plenty of bulls out there who believe the fundamentals of the precious metal are still very much intact. Ronald-Peter Stoferle, from asset management company, Incrementum, says there's so little room for interest rates to rise, the overall environment for gold is very positive. He has a long term targe of $2,300 / ounce.
The Fed Chairman, Ben Bernanke recently says he doesn't really understand the gold price. Perhaps that's one of the reasons why there are such conflicting views about its future.
01:35 minutes
Tags: astonishing, autoplay, bear, bear market, ben, benbernanke, bull, bullmarket, commodities, conflict, equity, fed, federal reserve, fomc, gold, gold astonish, gold predictions, goldprice, inflation, opinion, qe, sara walker, saxo, saxoprivatbank, teis knuthsen, tradingfloor.com, trend, video