Gold last reported is $1320.77 up 87 cents and sliver is at $21.17. Both metals are withstanding speculator and investor fears holding solid gains. Our belief remains that bullion banks will continue attempting to hold gold near $1300.00. We look for stabilization between $1300-$1350 in 2014.
The Dow closed over 17000 for the first time ever with the help of continued Fed stimulus. We maintain our warning that the Fed will continue loading the stock markets ahead of a severe correction.
We are mirroring events that took place 18 months prior to the 1929 market crash. Jobless rates were up, incomes were down and Wall Street scored record gains. In other words, there was no reason for Wall Street to see those gains period, just like today.
We cannot know the day or hour but clearly the trap is set.
Gold Goliath is not your typical gold dealer.