I don't see things being too bad I think the FED will taper starting next year
The US is in a very slow recovery due to the rest of the world Not doing so well
Of course it's in the FEDs interest to talk the economy up As it is a positive sentiment that gets People spending and investing
In the end which I don't know what year it will be The value of everything has to rise House prices must at least double ect. This in turn will devalue the dollar which has been overprinted And make paying interest on debt manageable
Inflation must get to 5% at least This in turn makes gold a great investment
The Chinese understand that gold is king And if production is $1200 Then gold will be worth more
What is really interesting is the amount of projects that would have Come on line this year and next have been stopped dead
Within a year there will be a huge shortage and will continue For years
Last year production was down 5% globally This year Chinese have increased its buying by 20% That doesn't leave much for the rest of the world to buy
Anyhow gold will have its day over $2000 in the next few years I am just looking for $1600 this year
SAR is great value as the AUD is falling
I think within a week or 2 we will see $1350 broken and SAR At 20 cents
16 cent resistance when broken will run to 20 cents Before resistance again
Good luck
SAR Price at posting:
14.1¢ Sentiment: ST Buy Disclosure: Held