2 August 2011
I think this chart, posted on Zero Hedge, requires no explanation.
Now that the debt ceiling has been lifted $2.5 trillion, what do you think will happen to the gold price?
(Hint: simple correlational analysis suggests $1950 gold.)
Of course, the two charts could decouple at some point.
However, if this occurs, it presently seems that gold may break higher before the debt ceiling because:
(1) investors are catching on that we are past the point of no return,
(2) the gold universe is much smaller than the debt universe, and
(3) Asians understand the gold market better than Western investors, due to the long-term view that characterizes Asian culture.
This is the gold tsunami.
_Source URL: http://idontwanttobeanythingotherthanme.blogspot.com/2011/08/debt-ceiling-up-gold-price-up-what-next.html
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I think this chart, posted on Zero Hedge, requires no explanation.
Now that the debt ceiling has been lifted $2.5 trillion, what do you think will happen to the gold price?(Hint: simple correlational analysis suggests $1950 gold.)
Of course, the two charts could decouple at some point.
However, if this occurs, it presently seems that gold may break higher before the debt ceiling because:(1) investors are catching on that we are past the point of no return,
(2) the gold universe is much smaller than the debt universe, and
(3) Asians understand the gold market better than Western investors, due to the long-term view that characterizes Asian culture.
This is the gold tsunami._Source URL: http://idontwanttobeanythingotherthanme.blogspot.com/2011/08/debt-ceiling-up-gold-price-up-what-next.html
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