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Financial market selling continued, and experts were bullish on gold and bearish on the dollar

HOME >News2022-08-06 | VIEW：495

Lobo tiggre, an economist at independent speculator, claimed that the market sell-off was not over and that gold would perform well in this environment.

Tiggre said, "I am worried about the recent waterfall event in the broader market... Higher than the level since 2021."

"I don't want to risk cash anymore... I sold everything."

When it comes to gold, tiggre believes that in the face of bond purchases and the strengthening of the US dollar, gold is flexible.

He explained: "people are selling stocks, they are buying bonds, although the Fed will sell, because there is fear in the air."

"Therefore, in the face of these adverse factors, the gold price can still maintain $1800, which shows some problems."

He also commented on the recent performance of the US dollar against gold: "the fact is that the US dollar just seems strong. Anyone who goes to the store, anyone who pays the rent,

They all know that their dollar has depreciated and may become worthless... To some extent, you know, gold trades more directly with the dollar, and I am actually short of the dollar. "

In his eyes, the macroeconomic outlook is not optimistic. He said that uncertainty, high inflation and economic slowdown will affect the market.

He said, "no one really knows what will happen, even me. With high inflation, we may now be in recession

I think it is an illusion that the Federal Reserve can raise interest rates so easily and solve the problem of inflation, which will not happen. "

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