- Hathaway – Gold Shorts To Panic As This Key Level is Breached!
Today John Hathaway spoke with King World News about a key level in the gold market that will cause panic among the shorts when it is breached. The four decade veteran and prolific manager of the Tocqueville Gold Fund also believes that gold will surge, “… quite dramatically, several hundred dollars.” He believes this will take place after the key level is taken out on gold.
Hathaway went on to cover silver, but first, here is what he had to say about what is taking place in the gold market: “It seems to me we are ready to go into a back and fill mode (on gold) because people are going to start looking at the election in the US, and that’s probably an excuse not to do too much. One thing that had concerned me, at least in terms of a short-term trading perspective, was a Republican win which would make people think, incorrectly, that all of our problems were over.”