Gold super cycle
posted on
Aug 28, 2014 10:31AM
U.S. dollar is having traction issues around the globe, The CDN dollar is backed up by usable commodities...or so we think.
The gold consumption numbers are some what misleading....seems the east is gobbling up record amounts. Statistics are always 6 months to a year late. Singapore new 25 kg bar. Shanghai exchange exponential growth to about 90000 plus kg every week for delivery. When final stats come out I think we will see a 4000 Ton transfer into the east for 2014. For some reason this is really quiet. Follow the exchanges..the gold reports are always looking in the rear view mirror.
Switzerland ...re-pouring gold for Asian exchanges 24 / 7 .....looks like some of the financial folks might be right. Gold will trade at the "Dow" at least within a few years. If I had to guess I would say 1450 end of this year. 3500 end of 2015 and 6000 in 2017....getting closer to the Dow and simultaneously wiping gold out of western banks...and the east will be the largest gold holders....in addition to Russia.
China will back their currency and go through a rapid period of inflation....then Chinese goods will look expensive do the power of their currency.
Somewhere around 2018, 2019...tide will shift and more home grown consumption of goods in north America will take place.
Europe who knows....broker by the minute.....produce very little in the way of consumable goods. When the cups with the magic money underneath finally are shuffled and exposed...the IMF will be bailing them all out except for Germany
probe is still a good place to park risk capital. If the east limb hits well the lid will blow off this thing and we will see a buyout......all the while gold will be rising.
Could be terrific winter for gold and prb
Just an opinion....I could be wrong
Time and tide.....time and tide waits for no man.
Live well
You bring the shovel I will bring the lime....till next week I am captain time.