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Higher Gold, Dollar: The New Normal – Marin Katusa

from Kitco News:

With gold prices rallying over 24% this year and the U.S. dollar, which usually trades inversely to the metal, also up, research analyst Marin Katusa says he expects this to be the “new normal.” “I’m very bullish on gold, I’ve been for years. I think it’s a great place to be with the negative interest rates going on globally,” he told Kitco News at this year’s Freedom Fest in Las Vegas. However, the Katusa Research founder also expects upside for the U.S. dollar, even though it is often seen as gold’s rival asset. “I think we’re in a new normal of higher gold and dollar prices,” he explained. Katusa also runs a junior mining gold fund with famed investor Doug Casey, and says it is important to make the right picks in the sector right now.

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