Loading ...Since the top in gold in 2011, a number of prominent money managers/traders have dared to issue calls for an immenent bull run for gold…all of them were wrong and judiciously never mentioned the subject again…so now Paul Tudor Jones steps up to the plate…I am always glad to see a bull call on gold coming from establishment guys like Gundlach and Jones rather than the perma-bull gold sites like Sprott and his ilk…best of luck to you Paul!
And unlike many of his peers, PTJ was humble in his predictions of the future: “I don’t know what the long-run consequences will be,” he added. “The consequences will be slower-moving than many people anticipate.”
What was more interesting, besides his bland reco of all dovish trades that have worked in the past during an easing cycle, was his discussion of what he views as best trade over the next year to two years: gold
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“The best trade is going to be gold. If I have to pick my favorite for the next 12-24 months it probably would be gold. I think gold goes beyond $1,400… it goes to $1,700 rather quickly. It has everything going for it in a world where rates are conceivably going to zero in the United States.”