Gold prices pulled back today, but that may only be a temporary situation if one expert is right about the dollar short squeeze. Daniel Oliver of Myrmikan Capital said in a note this week that the value of the U.S. dollar is being held in place by a short squeeze, which is only temporarily holding gold prices back.
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Q2 2020 hedge fund letters, conferences and more
He expects gold prices to eventually soar into the “multi-thousand dollars per ounce,” although he doesn’t expect a smooth ride to get there.
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