“Save who can in the market: gold is the best positioned in this situation.” López Milan
“Save who can in the market: gold is the best positioned in this situation.” López Milan
Francisco Javier López Milan, CEO of Silver & Gold, explains that gold has experienced a lateral movement for several weeks, which does not fully adjust to the usual law and demand laws. According to López Milan, this behavior is partly due to an intense activity in discovered positions and derived products that are trying to control and contain the price, preventing gold from breaking its recent maximums. Despite this artificial containment, he points out that the structural demand of gold remains firm and that, as soon as this technical pressure is exceeded, the price of gold will continue to rise.
In relation to inflation, López Milan emphasizes that although the official data of the Consumer Price Index (CPI) in the United States show inflation close to 2%, the reality of the market is different, since the prices of basic goods and the purchase basket continue to rise. This disconnection between official data and real experience, added to the current geopolitical and economic situation, generates a decorting between the prices of precious metals and traditional indicators, in a context that describes as a “save who can who can”, where gold is well positioned as a refuge.
