In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.
Thin premiums remain the order of the day for the gold and silver holding trusts and funds.
Citi analyst Tom Fitzpatrick sees gold appreciating $2,000+ from here. I think quite a bit of that sort of move could happen more quickly than most might imagine.
I think quite a bit of this recent gold action is taking place on the public stage, but is being driven by private talks amongst the monetary powers that be.
There should be little doubt that a replacement for the US dollar reserve currency is being seriously considered. Especially after the manner in which a few doubtful words cast by Bernanke about QE was able to send world markets into a swoon overnight.
There are those who would discredit gold and silver as being too volatile for inclusion in a basket of currencies that would become the international trading unit of exchange. ...