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It’s This Bad Because It’s a Bottom: Eric Coffin
The Gold Report: Eric, the gold bears recently outnumbered the gold bulls in Bloomberg’s weekly Gold Bull/Gold Bear Sentiment Survey for the fourth time in a year. Are you a bull or a bear? Eric Coffin: I think the gold price is going to end the year higher, so I guess that makes me bullish, but I think of myself as agnostic. There needs to be a return of calm to Europe for the gold price to move much higher. The currency pair trade between the euro and the dollar is going to be a big determinant to the gold price. There’s been more noise about the EU providing stimulus … [visit site to read . . . → Read More: It’s This Bad Because It’s a Bottom: Eric Coffin

The Gold Report: Eric, the gold bears recently outnumbered the gold bulls in Bloomberg’s weekly Gold Bull/Gold Bear Sentiment Survey for the fourth time in a year. Are you a bull or a bear?

Eric Coffin: I think the gold price is going to end the year higher, so I guess that makes me bullish, but I think of myself as agnostic.

There needs to be a return of calm to Europe for the gold price to move much higher. The currency pair trade between the euro and the dollar is going to be a big determinant to the gold price. There’s been more noise about the EU providing stimulus … [visit site to read more]

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