This Is Going To Send The Price Of Gold Surging Above $2,000

Friday, February 16, 2018
By Paul Martin
February 16, 2018

With stock markets trading higher and the US dollar attempting to stabilize, this is going to send the price of gold above $2,000.

In January the stock market recorded all-time highs in its strongest start since 1987, as investors gave a “thumbs up” to the Trump growth agenda of massive tax cuts, infrastructure spending and a loosening of regulations. Business too gave a “thumbs up” for an economic recovery that was tentative for so long but finally is taking root. And, few care that Mr. Trump’s spending and slashing of taxes would cause deficits to balloon by almost $2 trillion, forcing the Treasury Department to double its borrowings this year to $1 trillion. Trumponomics seems good for both the good and bad times.

Yet the dollar headed for new lows on the prospect of trillion dollar deficits meaning more money printing and the debasement of the very currency held by all central banks and foreign investors. And then in February, the Dow erased the January gains sparking a global correction across Europe and Asia. The roller-coaster ride was a belated recognition that the pickup in bond yields, accompanied by stronger economic growth is the beginning of the end of cheap money. Amazingly though, the bull trend remains intact reinforced by Trump’s spending stimuli, which replaced the crisis-era stimuli of the past decade.

America the Bubble

The Rest…HERE

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