Says Trump decision to buy marked the top. KFI radio, on weekend, Insana hosted. Insana says gold could fall below $1,000.
Last time Ron Insana called a top in gold, it revalued up $500 within 6 months. Ron's hedgefund failed because he knows little about finance and doesnt do any research to better himself. Not investigating to understand gold's rise is proof that Ron doesn't have what it takes to operate in the markets. He wants to tell markets what to do rather than learn about them. In short, Ron Insana is just a hack.
Gold is no where near a top. All Ron has to do is read the research of people who have studied the market. But he is from hype land and thinks phoney baloney is as good as math and facts. He is just not mentally equipped to manage money.
Just another namesake trying to use historical statistics for a current inter-connected global economic crisis. Someday soon, these whiffle ball boys will give up and play regular ball. While there is still a portion of gold's value tied to the US dollar, the US markets, the majority of the gold value is fixed to international economic prespective and currencies that are still being devalued.
Just change the last letter in his last name and then you have the truth.
And Insana is?... Oh an ex-cnbc anchor person. Right! I see, someone who is a newscaster is now a financial advisor and gold expert. I see the Y! resident jerk has found someone to quote.
He also says margin may be doubled again in the next day or two.