Exclusive interview with Felix Zulauf
Let’s turn to strategy going forward. Let’s start with gold.
Zulauf: The de-basing of currencies is fundamentally bullish for gold, long term. As long as real interest rates remain negative, the fundamentals for gold remain supportive. Right now, gold isn’t trading well, as it’s consolidating. Iran is selling oil for gold, which in turn is dumped on the market. It should be range-bound, $1,500-1800. It needs to break $1,800, and then it will run to $2,200, and new highs. The first positive sign will come once we break above $ 1750.