US inflation to come through in Summer, Is there the amount of Gold in the world which people claim to have?
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US deflation camp disappearing, and the hyperinflation camp is coming up, says Ben Kumar, Investment Manager for Seven Investment Management, as we discuss US inflation and rates, FTSE, and the precious metal Gold, joined by Zak Mir, Technical Analyst at ZaksTradersCafe, and Bill Hubard, Market Analyst for Opteck.
Key Quotes
“Do you remember when the FTSE was at 7000, as soon as it goes below 6500 you buy it, been a horrible ride when it went to 5500”
“Lack of direction in the world has made it hard for traders, nothing has really changed fundamentally”
“Fundamental view that inflation in the US is going up, will come through in a big way in the summer, with deflation camp disappearing and hyperinflation camp come in”
“US - Think a June rate hike is not off the cards, summer will see wage growth”
“There may not be the amount of gold in the world that people claim to have”
“Gold is still a financial instrument”