Yup - I would think so. And China/other places as well. And America - though, with an election year, I assume the powers that be will do what they can to prop the economy as much as possible.
I agree.....people like me that have been following gold since 2001 know that these periods where gold does nothing are quite common.....it goes up a bit....rests.......then falls back down........but eventually goes to new highs.....I expect this pattern to continue until the currency crisis hits!
People like me who have been following gold since 1979 know that there can be periods that last for decades where gold is sharply lower than its previous highs.
Its going to be one of the few things that we can use to buy the things we need to survive. We already are seeing gas price going up.......I have seen it as high as over $7.00 in one place. Can you imagine how much its going to cost by midsummer?
Why don't you stick your neck out for once? All you do is condemn people for getting their predictions wrong. Let's hear yours? Where do you think gold will be before it starts the gold bear market ends?
I don't speculate on commodities. I didn't say or imply it would do one thing or the other. I have no idea whether gas prices will go up or down, and it depends on countless facts we do not know. Lots of people like to claim something will happen to buttress their position without fact.
notice that a silver dime pre 1964 can still buy you a gallon of gasoline today....there is no shortage of gas......just a shortage of common sence at the fed LOL!
So you will not stick your neck out...but you will condemn over and over and over again anyone who does and gets it wrong. Whatever.
winter time is the slow season so normally by mid summer prices are much higher but then again something can happen like a crisis in europe than can change things.....these are very volatile times!
I wonder whatever happened to gold bugs like bacardi who were making their lofty claims back in 2012? I haven't seen him for a while. I remember him claiming gold would reach 1:1 parity with the Dow, and mocking those who invested in "paper assets".
