10.06.2016 - Gold is sending a warning signal: Bouroudjian
The recent action in the gold market is sending out a big warning signal that investors need to heed, veteran industry insider Jack Bouroudjian said. That "red flag" is the acceleration of the move higher in gold over the last couple of months, which he believes is telegraphing a loss of confidence in central banks. "It may have started out as a reinflation trade, but right now it is turning into that flight to quality and flight to safety. It is one of those things that is more than likely going to stop any kind of a move in equities," the co-founder and director of UCX said..............................................Full Article: Source
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