Many bank economists believe second quarter GDP growth in the United States will be about four percent. This daily Dow chart shows that a modest upside breakout to new highs occurred on Monday.
Western bank economists continue to make very bold and aggressive statements about lower gold prices in 2014, based on stronger growth in America.
This could be a breathtaking week for gold investors around the world. A huge number of key financial reports and meetings are scheduled, and any one of them is probably capable of moving the gold price quite significantly.
In many countries, inflation is beginning to creep higher. Please click here now. That’s the Australia CPI (Consumer Price Index), courtesy of Trading Economics. The next report will be released today. Note the recent jump in prices....
As gold traded in the $1310 area a week ago, I said, “The door of possibility is now open to some further strength, with a short term target of about $1320 -$1325.”
A week ago, gold had fallen to about $1277, and many investors and analysts turned bearish there. In contrast, I suggested that the Western gold community should focus on the potential for immediate upside price action.
"Too many people know firsthand how devastating it is to lose a job at which you had succeeded and be unable to find another; to run through your savings and even lose your home." –Janet Yellen, March 31, 2014. I’ve predicted that...
There are very few price areas where risk capital can be invested in gold, with a reasonable degree of confidence that a “significant low point” will be established there.
Since the start of this year, gold has performed extremely well. This daily chart shows the shiny metal moving steadily higher, in a bullish channel
The rally in gold that began in January has stunned most money managers. They were predicting a horrible year for gold in 2014, and a great year for US stock markets. So far, they are dead wrong.