The Daily Gold, Released on 8/16/22
Brent Johnson of Santiago Capital, one of the biggest dollar bulls joins us to share his updated views on markets. In the spring he discussed potential for a leg up in the dollar and big correction in Gold. He was one of the most accurate guests in recent months.
Brent shares some scenarios and how that would impact Gold. He mentions that its possible the dollar could have a counter trend pullback here. Brent is lukewarm to neutral on Gold over the next 12 months. He thinks it will perform much better beyond that time. He does think the stock market will make lower lows but is not sure of the timing.
Brent Johnson is the CEO of Santiago Capital http://www.santiagocapital.com/.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.