Gold price, page-12843

G.S. has said that POG will not get above $1300 usd and if it does it wont stay there for long.
Did you know our P.M. was a G.S. exec?

Look at where the world is going if you want to predict the POG and not technical charts. Charts will only tell you where it has been, the world will tell you where it is going.

Australia. There are numerous warnings growing in intensity about the approaching housing crises.
Now there are 25% of families in mortgage stress. Mortgage stress is deemed as not being able to meet the ongoing costs of living and paying the mortgage. That is now one in four 25%.
Australian household debt keeps rising above all time records. Housing starts are crumbling. This comming housing downturn will have a very significant affect on the Australian economy which will have an affect on the POG. Some banks will be hard hit with delinquent debt as well.

Extreme household debt with extreme low interest rates means the RBA cannot and will not raise rates, but will the banks? Will the banks start to foreclose on families whose debt/Equity ratio falls below the required level like they did to farmers??

Then there is the new war front in Korea, the US crumbling economy. The US are about to ramp up their troop numbers in the ME again.

Its not looking good for the near and medium term in Australia.