Why gold is going a lot higher ... portfolio manager, page-61

"the miracle of US consumption"
1)Not as strong as one might think:
"Personal spending barely increased in February and the prior month’s advance was revised down as Americans saved more of their incomes."
http://www.bloomberg.com/news/artic...g-in-u-s-rose-0-1-in-february-for-third-month
2)
3) ZeroHedge has his own comments
"As we reported moments ago, while the February personal consumption expenditures (aka personal spending) - that all important data about the well-being of the US consumer - was in line with expectations rising 0.1%, it was the January revision that was striking. From a 0.5% increase reported a month ago, it was now revised to a paltry 0.1%. In nominal dollar terms, this means that instead of US consumer spending a whopping $67.5 billion more in January, the increase was a paltry $14.7 billion, a delta of $52.8 billion!"

http://www.zerohedge.com/news/2016-...one-third-q1-gdp-growth-was-just-revised-away