The Fed is out of control and the gold price will be above $2,000 by year end – Adrian Day

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via kitco:

(Kitco News) – Gold and silver prices are going to go higher and end the year above $2,000 an ounce and investors shouldn’t worry or quibble over some short-term profit taking and consolidation, according to one fund manager.

In an interview with Kitco News, on the side line of the Mines and Money Online Connect global mining conference, Adrian Day, CEO of Adrian Day Asset Management, said that he remains bullish on gold as the U.S. dollar enters a new long-term down trend because of extremely loose Federal Reserve monetary policy.

Day added that it will be impossible for the U.S. central bank to unwind the trillions of dollars it has pumped into financial markets to support the economy that has been devastated by the COVID-19 pandemic.

 

 

 

 

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