Today John Hathaway told King World News, “... we are psychologically at the give-up phase on gold.” The 40-year veteran and prolific manager of the Tocqueville Gold Fund also stated that Dennis Gartman announcing he shorted gold yesterday is a very bullish development for the gold market. But first, here is what Hathaway said to expect next for gold: “Eric, this feels to me like last May when gold had a launch into September to complete a pretty big rally. It was a more than a 40% kind of move on the XAU. All of the things I look at, sentiment, trading volume, commentary, you know Credit Suisse put that piece out about the end of the bull market in gold.” ...



Your new post is loading...


Click through for the rest.