GOLD 0.51% $1,391.7 gold futures

reuters telling the truth about gold amazing !, page-29

  1. 11,130 Posts.
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    infose

    Good info and ideas there but probably going to waste posting here. Still if only a couple of people think about what you have written and make the effort to check things out for themselves then it is worthwhile giving ones views.

    I am open minded about where gold could go - it just needs the right economic conditions for it's price to head a lot higher - unfortunately they are not there now. I expect gold along with oil, US govt bond prices and US shares to be hit once QE tapering is in full swing (and perhaps even before). People are moving out of US govt bonds because they do not want to be the last ones holding them as rates rise and face capital losses.

    "In Gold We Trust 2013", is written by a very well known gold bug and the factors influencing demand for gold. It also refers to the importance of real, rather than nominal, interest rates in relation to the demand for gold.

    http://www.acting-man.com/blog/media/2013/06/In-GOLD-we-TRUST-2013-Incrementum-Extended-Version.pdf

    CNBC has recently had a lot of talking heads saying that QE tapering will start this year. One of those speaking was David Kelly, Chief Global Strategist at JPMorgan funds. I would expect him to have gotten the message from a very good source, and in case people are wondering, Kelly has been bullish on shares for year.

    loki
 
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