“During the 12-year PM bull market, gold has tracked the increase in the US debt ceiling. The break of the past 15 months closely resembles the 2008 correction in PM prices that occurred even as the debt ceiling got a massive lift, one that the current incumbency has increased. With the national debt nearly $7 trillion above the level of January 1, 2009, PM prices have resumed their secular rise, increasing 18% since the June 26 lows. It resembles the initial rise of PM prices early in 2009. If gold continues to approximate the rise of this debt as it has for twelve years, by 2016, it will hit $3500/oz.”
PM Volatility Masks Impending Rise In Metals And Miners: Don’t Sell Out
- Post author:The Freedom Watch Staff
- Post published:August 30, 2013
- Post category:Network Archives / The Freedom Watch
Tags: Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Investment/Trends, News Commentary, Precious Metals, Resistance, sound money, The Freedom Watch, Welfare-Warfare State
The Freedom Watch Staff
News before it is news for the resistance from a trusted correspondent.
The Freedom Watch Network