Video: State Street on GLD Outflows and Outlook

VBL's Photo
by VBL
Saturday, Jan 22, 2022 - 13:00

State Street Global Advisors on Gold

Via GoldFix Substack

George Milling-Stanley, State Street Global Advisors Head of Gold Strategy, joined Yahoo Finance Live to discuss the outlook for gold futures in relation to equity markets, expected Fed policies, inflation, and cryptocurrency trends. We pulled a couple key clips to start you off. In the first one the long time respected analyst gave his take on why the outflows may not have been as bad as the  news hyped it.

Milling-Stanley comments on recent GLD outflows…

Milling-Stanley continued when asked about Gold's disappointing 2021 performance:

Both of those figures are way ahead of the long-term average capital appreciation in the gold price, which is around 7 and 3/4 percent. So we were running way ahead of ourselves, for obvious reasons. So something of a slowdown in 2021, I think, was to be expected.

Milling-Stanley comments on 2021 performance in context of last 3 years…

You can watch the full interview lasting approximately 7 minutes here. Enjoy

Free Posts To Your Mailbox

Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.