Today’s Question & Answer portion of our Morning Investment Call held for Hedgeye subscribers focused on the topic du jour: gold. CEO Keith McCullough talks about where gold will trade next as fund managers and institutional investors rush to sell their positions in the precious metal.
No matter which way you put it; gold is crashing. What should surprise investors is how some people stay bullish on gold until it gets to a price like this morning’s. The reality is that a strong US dollar has popped the commodity bubble brought on by Federal Reserve Chairman Ben Bernanke and it’s looking very ugly this morning. You can listen to the full Q&A session with Keith in the audio posted above.