A Gold Bull Not a Gold Bug

Marc Chandler, chief market strategist at Bannockburn Global Forex, tells Ed Harrison why he is bullish on gold, but not a “gold bug.” Chandler argues that the yellow metal is set for a breakout considering its recent bull run, rising geopolitical tensions, and the abundance of negative yielding bonds. He argues that gold will not be the basis for a new financial system, but rather will evolve as a financial alternative. This clip is excerpted from a video published on Real Vision on August 19, 2019 entitled “Long Gold, Short Renminbi.”