Ken Williams: “Gold Strengthened on ADP Report” – Gold Goliath

Posted on :Feb 05, 2014

Gold edged higher this morning on a weaker than expected ADP employment report released Wednesday. As of 9:58 PST spot is $1261.90 up $10.40.

U.S. stock market fears mixed with investor demand on tech buying also added to the upswing.

We suspect the Fed will continue to rattle the emerging markets in attempt to force investors into U.S. debt. Without tremendous and continual cash infusion our economic system will simply implode.

Look for an increase in market instability heading into the third and fourth quarters of 2014. While economic instability is horrific for paper assets, gold will make solid gains.

Gold Goliath is not your typical gold dealer.

 

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