CNBC/Vaibhavee Sinha/04-18-17
Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital had presented an extremely bullish view on gold in a July 2016 interview with CNBC, predicting at the time that it could hit all-time highs in the subsequent 18 months.
…”from a fundamental point of view, I think we’re going to get a break out on the upside.” Still, he acknowledged that gold had been basically flat over the last year.
“Look, the markets don’t always move (too well) in the short term, but I think in the medium term it does,” he said, pointing to gold’s strong historical performance. “I think this trend will continue until we start seeing again stability coming into the financial system and government behavior.”
Part of the bullish case for gold, according to Kiener, is an emerging distrust towards U.S. geopolitical behavior, and accelerating physical gold purchasing in the rest of the world.
