Ken Williams: “What’s Next For 2014” – Gold Goliath

Posted on :Jan 01, 2014

The U.S. experiences economic crises about every 4 to 6 years. If cycles hold true, 2014 may be a volatile year.

Massive bubbles are everywhere and it appears another housing bubble may be forming as well. Markets worldwide are in a precarious situation and it’s only a matter of time before one of the wheels fall off the wagon. The meltdown of 2008 gives great clarity as to what may be forming being that world economies continue down the same path today.

As expected the U.S. economy is slowing down heading into the final stages of 2013. Thursday, initial claims for unemployment benefits increased by 68,000. The largest increase we have seen in more than a year. Despite valiant efforts by the BLS, falsifying numbers for new jobs only lasts momentarily.

The Fed continues walking a tight rope as they attempt to cover and minimize the damage from their woeful monetary policies. Wall Street is now more dependent than ever on Fed stimulus. Gains over the past year will be decimated without continual cash infusion. If interest rates rise, the U.S. government will no longer be able to make scheduled payments on debt owed. The only alternative at this point would be bankruptcy followed by insolvency.

Eventually the working class is going to pay a hefty price for intentional mismanagement by Washington and the Fed. Will it be 2014, 2015 or beyond? We can only speculate but payday is coming.

Expect more of the same from Washington and the Fed throughout 2014. The fourth quarter may be very interesting.

Concerning gold, we look for moderate fluctuations throughout the first 3 quarters of 2014.

Concerning Wall Street, we expect minimal gains will continue throughout 2014. Will we see another 20% gain? Not likely.

Gold Goliath is not your typical gold dealer.

 

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