We will see gold breach the US$1360/oz resistance level, says Gold Charts R Us Chief Trading Strategist and Editor Omar Ayales
Trade wars have fueled concerns for deflation, exerting downside pressure on gold, says Omar Ayales, chief trading strategist and editor of Gold Charts R Us, which is a weekly trading service. In this interview recorded in September at the MoneyShow Toronto, Omar Ayales shares his outlook for gold prices with SmallCapPower. He states there are “a lot of bargains out there,” and that investors should start “tiptoeing” into gold mining stocks, which he believes have tremendous upside.
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