Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Should Investors Revisit Gold?

Details

  • Description

    FBN’s Charles Payne on the outlook for gold and silver.

  • Duration 2:41
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

A couple she lack sounds like cartoons when I was -- kid.

But that's not it is Letterman's gonna come at a summit.

Itself think he's -- content and then.

Even and I at a metals manufacturing stocks and keep in megas are given nativity -- going longer today it.

Tiffany -- on longer I'm trying to work my way up from one dollar bill to use them -- C at least a five terrified ten day you know I guess -- -- day like -- out -- could argue that could.

Cut at this market is ugly in the Euro -- If -- I'm looking at silver not gold breaking our long losing stretch today's overlooking a little bit better.

-- I just think it's at a point where perhaps is so oversold.

It's worth people taking a look at a particularly if you think.

They're they're gonna print more money in both sides of the Atlantic I don't know about you guys but I think ultimately -- the compromise is the -- in Europe who will ball somehow the ECB yeah printing more we can't just talking about absolutely yeah.

So I have little doubt with that this is down you know what's that gold and silver down tremendously now right now spots and often double bottom.

Perfect double bottom four you chart -- out there I think you're upside -- thirty the big break out though comes with the close above 32 dollars and yeah I think this might give pretty good had -- people especially had you have all equity portfolio we token of you know -- inflation what are you talking about ultimately is hedge against inflation like gold but obviously you know sometimes you argue that hit the historical relationship between gold this overseas still bright pretty wide gap and the silver does have some.

Industrial yeah.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- If that number plays out if we get a positive surprise.

The Fed came out there today the Kansas City region their manufacturing number was better than anticipated.

Little small anecdotal stuff that you got to get a market.

Yeah.

But it's out there phew boy -- -- not a robust recovery by any means.

But industrial to get to -- is a grinding distillate so dependent the world economy in the world economy continues just from one bad word out of China in all goes downhill and that and that's ironically one of the reasons like Hank that these monetary -- -- monetarily organizations and I think they're gonna get cracking looks at.

I don't think they can react knee jerk all time to when the market goes down probably made the pressure is mounting have you seen a ten year yield well.

Russians -- -- mounted printing presses a comment or I don't really report straw that's okay.

And as you know any time at all trying to -- -- out Elaine let's get a five dollar bill and the.

Load More