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Olympic athletes that are done going for the gold but -- billionaires are betting on -- with more on -- we have Liz -- This could be an indication where day.
Consumer spending sentiment could end up in the third quarter and that means that the Federal Reserve possibly could be doing more bond buying because these guys clearly -- buying on the dip and so we're saying is.
The -- surging on fed rate cuts you know since basically look at this since nineteen in 98.
There were some the flooding there in -- may see it moving up beginning in 2003.
So we see big guns like George Soros doubling his stake in the spdr gold trust he also -- see John -- -- now gold is now 44%.
A jump -- big hedge fund equity assets so.
The key here eurozone worsening putting a floor.
Under gold vs more fed stimulus you know so that's the issue.
And if consumer spending recovers you know you're not gonna see any bond -- but it's consumer spending and sentiment in retail sales.
Crash and a third according you will see bond buying so this is an indication that possibly these guys know that -- gonna get better in the third quarter -- -- rise in value and the buying on the dip Nelson that maybe the way to read it right now.
So there's a little about gold in the world and a lot of these gold yet he asked that we invested that you have to -- the physical -- -- -- -- to represent the pieces of papers that help keep the price of gold higher I think so and you know about -- or something when you see -- the last time John Paulson according to Reuters adding to his gold holdings -- and we did that wasn't 2009.
So you know he's been a little -- about it.
But -- nearly 4% spike is this steepest -- rather decline of the steepest decline since the third quarter of oh wait so that's we're seeing action in gold -- something a watch going into the third quarter.
All right thanks very much -- well.
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