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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

What will the price of gold be in January 2014?

Posted on 17 October 2012

While many of us don’t like making price predictions, and certainly ones accompanied by a specific date, it’s hard to ignore the correlation between the U.S. monetary base and the gold price. That correlation says we’ll see $2,300 gold by January 2014.
There are plenty of long-term charts that show a connection between gold and various other forms of money (and credit). Most show that one outperforms until the other catches up. But let’s zero in on our current circumstances, namely the expansion of the U.S. monetary base since the financial crisis hit in 2008………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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