MUST WATCH: Frank Giustra Explains Why the Fed Will Be the Only Buyer of US Debt and Is In A No Way Out But to Print Situation. Gold Price To Rally Regardless Of Who Is Elected President
November 1st, 2012
Interview by Paul Reynolds, CEO of Canaccord
Canaccord Resource Conference
Wednesday, October 17, 2012
Miami, Fl, USA
Gold price to rally regardless of who is elected President
Whoever is elected President, the “gold is likely to go much higher” next year, according to analysts.
Gold is likely to go much higher in the course of the 45th President’s four year term whether there is a President Obama or a President Romney, according to analytics firm GoldCore.
In its latest newsletter, GoldCore said that the US fiscal cliff, involving steep government spending cuts and tax hikes due in January, is likely to “support gold at these levels and lead to higher gold prices in the coming weeks”.
Depending on which of the candidates is elected as US President, the gold price is predicted to experience short-term weakness, but over the long term, GoldCore expected that monetary challenges facing the Fed and the White House would lead to the gold price increasing.
Bill Gross: It doesn’t matter who you vote for next week
The Game Is Up: QE Bubble Created By The Fed Is About To Burst
S&P each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…
The Incredible Shrinking Half-Life Of Central Bank Action
GovMint.com – Your One Best Source for Coins Worldwide – Shop now!
It seems the market – or the collection of pre-programmed heuristic biases that make up the equity investing public (and machines) – is slowly but surely realizing the confidence trick that is the Fed’s Quantitative Easing programs. The following chart should clarify – to anyone placing their gambling chips on the hopes of another round of easing from the Fed – why the game is up. To wit, the reverse geometric progression of S&P 500 performance during each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…