I'll park my caboose behind the Jim Rogers train view of gold.
From my many, many months of investing experience I propose that the continued tapering of QE will mostly be anti-climatic as will rises in interest rates. Job recovery in the US will be self perpetuating leading it once again to be a global growth engine. China's rate of growth will moderate as the 'easy work' has done and he country grapples with continued environmental and social problems. Australia will have a very mild recession which in terms of severity will be blown out of all proportion by the more 'entitled' Aussies amongst us.
Gold will drift lower as it becomes unloved and out of favour with the big end of town, leaving a diminishing vanguard of true believers. Gold to have insipid rises on various flashpoints and 'black swan' events but drift towards $1,000 until inflation creeps and price stabilises before its next day in the sun.
I propose that the continued tapering of QE will mostly be anti-climatic as will rises in interest rates. Job recovery in the US will be self perpetuating leading it once again to be a global growth engine. China's rate of growth will moderate as the 'easy work' has done and he country grapples with continued environmental and social problems. Australia will have a very mild recession which in terms of severity will be blown out of all proportion by the more 'entitled' Aussies amongst us.
