Gold is going a lot higher from current levels, and the momentum in gold-backed ETF inflows offers support, this according to George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors.
“If you remember the last time we had significant speculative money coming into the market was as long ago as 2011, and speculative money flows drove the price up $500 in just 9 months. I could easily see something like that happening again,” Milling-Stanley said.
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