Nov 5, 2014

David Seaburg: "Very hard to make a fundamental case to be long gold"

Long-term I think it's very hard to make a clear fundamental case on why you should be long gold.  I don't think fundamentally the backdrop is that strong.  You've got weak demand coming out of India, China.  You've got the dollar; it's been in one direction straight up.  You've got deflationary fears on the horizon.

~ David Seaburg, head of equity sales trading at Cowen and Co., Talking Numbers, November 5, 2014

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