ITM Trading, Released on 10/9/24

“We’re in a world of inflation volatility,” says Peter Boockvar, Chief Investment Officer of Bleakley Financial Group. In a discussion with Daniela Cambone, Boockvar explains that the widely accepted two percent inflation target won’t remain steady. He predicts deceleration through the end of this year, followed by an upward inflection next year. Given this volatility, Boockvar advocates for owning gold as a strong hedge, with silver offering even more potential for percentage gains. He acknowledges the likelihood of a correction or pullback in precious metals, which he sees as typical in any bull market. “Any sprinter will run out of gas. A healthier run is a marathon where there could be some slowdown in pace along the way. And even a breather is always a good thing to sort of recharge the batteries.”

00:00 Gold’s performance
2:08 China’s gold purchasing
3:25 What makes gold bullish?
7:06 Western investors’ appetite for gold
9:21 Economy overview
13:56 Fed’s next move
17:07 CPI

Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.

  china, economy, gold, inflation, investing, peter boockvar