Gold last reported is down $7.80 at $1305.70 and Silver is steady at $20.89. It’s Tuesday and like clockwork gold was hammered by the trustworthy bullion bankers to the tune of $390 million in futures.
Tensions in the Middle East and the Ukraine continue deteriorating and are driving gold and dollar markets.
We are looking for a $1300-$1350 gold spot in 2014 unless all-out war breaks loose.
The BRICS nations and the Middle East will solidify their resources to displace the U.S. dollar. The Fed will never allow this to happen without war.
Gold Goliath is not your typical gold dealer.