The shift to a defensive trade – USD, Gold and bonds all up, US markets, oil and copper all down
Robert Sinn, better known as Goldfinger at ceo.ca joins us to breakdown the moves this morning after the July 4th long weekend. A potentially major shift away from a risk on trade from the market open as we are seeing US markets, oil and copper all down and off their highs. There is a rotation of money back into the defensive trade today but how long will it last. We also address the move higher in gold but gold stocks moving down. To wrap up the interview Robert shares some news out today from a sponsor company of his, Newrange Gold (TSX.V: NRG; OTCQB: NRGOF).