Profit takers are trying to stay one step ahead of the bullion bankers as they continue shorting futures markets.
Both Russia and China continue record gold purchases as they move towards displacing the U.S. dollar. It’s not a matter of if, but when.
In 2013 we advised clients that we would see a 2014 gold spot between $1300-$1350. Our thoughts despite market manipulation remain the same.
The Fed and it’s partner bullion bankers will strive to keep gold under $1400 spot throughout 2015. Of course wars and severe market corrections have the ability to force both gold and silver much higher. We forecast an escalation in both sectors for 2015 and a possible gold spot of $1500-$1600.
Global economies are in shambles as governments print their currencies into oblivion. China is waiting for the right moment to back the Yuan with physical gold. This alone would be a death-nail for the dollar.
Gold Goliath is not your typical gold dealer.