Wells Fargo Is Bullish Gold, So Why Did They Lower Their 2021 Forecast? | John LaForge
“Keep with the reflation trade. Commodities have been dead money for ten years but we are probably coming out of that funk,” says John LaForge, Wells Fargo Head of Real Asset Strategy. In a world of currency debasement, excessive money printing, and negative real interest rates, he calls gold a bang-for-your-buck scenario.
While Laforge is bullish the yellow metal, he tells Daniela Cambone why the bank recently lowered its gold forecast for the year from $2,300 an ounce to $2,100. He also chimes in on the gold versus bitcoin debate: “No one can prove the connection that funds are leaving gold for bitcoin.”
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Don’t you wish one day that the curtains would be pulled back to show the manipulators for what they are! Isn’t that a dream 💭
Like in the Wizard of Oz ?
Thought you were talking about Daniella’s curtains for a second haha.
Me: What’s wrong with her curtains?!
The currency is being debased to keep Wells Fargo solvent!!!
@Scuff MacGillicutty I like Daniela’s interviews and guests. I’m surprised she interviewed a Too Big to Fail bankster though. I guess we need to keep an open mind and know what the enemy is thinking!
@maneco64 Except they ain’t telling you that. They’re using this alt media platform to fake and jive infowise. Hence why being bullish yet dialing back the target price. Seemingly contradictory…
@maneco64 ~ Indeed. As one of my other “Go-To” channels it is comforting to know you also find Daniela and her array of guests. informed, well researched and always refreshing. Happy New Year to you and yours.
Best comment award
You know it
Golds at 1950$ today we could see 2100$ in a couple weeks lol
I hope so Batman that correction was rough
yawn! 3000 for starters would be better!
I am one, who reduced GLD significantly for GBTC significantlt, past summer
You are one of almost a dozen people I’ve seen personally say that. I heard about a several more mentioned second hand, and we can also see the evidence in the prices.
WellsFargo always a trustworthy source….what a joke.
Could not agree more
Under his suit are green scales.
great interview! anything that Wells Fargo says, expect the exact opposite!
That’s how those who slight-of-hand work
My thoughts exactly. With the words Wells Fargo in his title the red flags and sirens are obvious.
Who even banks at Wells Fargo anymore.
Actually it’s all misinformation and disinformation. If you make a contrarian trade you may be falling for the bait. What made me sick to my stomach was him saying he likes platinum and silver because they are my thing.
I’m hoarding bought first 2 oz of new year an will stack thru their short still they unravel an moonshot pops
Anytime you talk to the bank representative about precious metals it’s like talking to a politician.
They all know what’s going on and they will never be truthful.
Wells Fargo??!!! They are crooks!!! Get these banksters the hell off the air!
Horray, the further they lower their forecast, the higher gold will run!
I predict 2100 gold this month, 😂
This guy would make a good comedian , lol
FBC fund and their algorithm is the best, there is no point in arguing with this
Isnt it Wells Fargot who stole from their own customers in the last years ?
PS : love the MAO book behind him…
Yes, Wells Fargo opened accounts in their customer’s names to boost numbers.
He claims he doesn’t see people leaving gold for bitcoin, but I’ve been seeing and hearing about it for a a few weeks now. I thought for sure that PMs would be higher and Bitcoin would be just under $20k at the end of the year, but the stampede into bitcoin started sooner that some of us thought. If the head of Real Asset Strategy at a major bank can’t see how bitcoin is the new “it girl,” then they’ll just have to keep relying on cheating.
@genericsomething Indeed, cheating almost always compensates !
BTW : big speculative positions on BTC futures at 36K and now at 52K… alt coin season started, ETH could go back to 1500, LTC retest its all time high of $320… Bitcoin Cash could also take off big time soon (not a big fan on a fundamental basis but from a chartist perspective… same with ETC)
He’s an interesting guest and makes a lot of sense.
‘Been spending most of their lives, livin’ in a Bankstah Paradise . . .
This guy doesn’t seem too smart. I disagree with all of his assertions, especially his forecast on the price of copper. It will be $5.00+ per pound in 2021, guaranteed!
Whatever Wells Fargo says will occur, expect the exact opposite.
why are oil prices going higher??
biden>>more regs?
biden>>>>hurting american oil production giving the advantage again to the rest of the world???
stimulus is just ubi by another name
lefty keeps winning>>america then loses