WallStForMainSt: Respected Global Macro Researcher (Not A Gold bug) Says Gold to $1900 By End of 2019?
James Bianco, president of global macro research firm, Bianco Research https://www.biancoresearch.com/visitor-home/, is not normally thought of as a gold bug.
Read James' bio here: https://www.biancoresearch.com/about-us/
However, Bianco recently did an interview where he says that gold prices rising in US Dollars has a near perfect correlation with the rise in negative yielding debt globally. And that gold is the main beneficiary of zero interest rate policy (ZIRP), negative interest rate policy (NIRP) and other craziness in the global economy thanks to central banks.
Bianco Warns "Negative Rates Are Extremely Toxic", Sees Gold At Record Highs By Year-End https://www.zerohedge.com/news/2019-08-29/bianco-warns-negative-rates-are-extremely-toxic-sees-gold-record-highs-year-end
Bianco even thinks that gold prices in US Dollars could even end 2019 at $1900/oz!
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