'The gold market is suffering from sticker shock right now'

Everett Millman, precious metals specialist at Gainesville Coins, says that the gold market is surprised by how strongly the price of gold has held above the $2,000 level this year despite "rather tepid demand for physical cold in North America in Europe." Millman notes that there is a geopolitical premium on gold right now, which combined with the election year and concerns over inflation and interest rates has helped prices hold current levels, and he expects it to trade sideways until there is more clarity on monetary policy, although he otes that longer-term, he can see a case for gold reaching $3,000 an ounce by the end of the decade. Matt Kaufman, head of ETFs at Calamos Investments, discusses the current sweet spot in closed-end funds and why that prompted the firm to open a new ETF of closed-end funds. Plus, in the Market Call, Allen Bond, head of research at Jensen Investment Management talks about buying quality stocks at reasonable prices.