Ken Williams: “Gold On The Rise” – Gold Goliath

Posted on :Jan 17, 2014

Gold finished strong Friday posting gains for four weeks in a row. Before excitement prevails over reality, smile with caution.

We look for more Fed selloffs this year to bring gold down and it may be blamed on “tapering” or who knows what else. The Fed has created a euphoric atmosphere for paper assets and a horror story for gold. Paper investors and speculators alike are scared to death of the yellow metal right now.

Lack of demand on physical gold is not the issue. It’s difficult for any commodity to recover when the futures markets are so manipulated.

While we don’t have a crystal ball, we still feel gold will be held in check between $1200 and $1250 throughout the first and second quarter at least.

The same economic conditions exist today that have been forcing the Fed to pull rabbits out of the hat since 2008.

Proceed with optimistic caution. Short term odds are always in favor of the casino. Are we saying the markets are rigged? Absolutely.

Gold and silver will never relinquish their status as real money and insurance regardless of Fed actions.

Gold Goliath is not your typical gold dealer.

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