The Middle East is on fire, yet gold prices are falling again. Larry Edelson maintains that what is driving the price of gold is the WAR CYCLES. He also predicts that gold will fall to 900 (and oil to $25/bbl) and that big gold companies will go bankrupt before prices can recover.
IMHO, gold price is now controlled by the bouillon banks and the FED, using the 100 to one ratio of paper gold to metal sales. Thus, it is the price of the US Dollar that predominates. As the Dollar surges, gold is being suppressed and it is easier.
The US Dollar continues to increase in anticipation of a rate rise. But, talk of a US slowdown (including the "R" word) can delay the rate rise in the US and possibly usher in QEIV. And if reports from the Ukraine are correct, the war cycles there are about to heat up. In which case Larry will report that the cycles have flipped.
Thursday, April 9, 2015
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment