Nenner says gold is in a short-term upwards cycle that could easily go to 2000 before seeing some weakness. Nennar believes the long-term cycle in gold hasn't bottomed yet.
There is more than one way for the U.S. to default. Gold may be the last refuge when banks and investors decide that Treasury debt is anything but “risk free.”
"Gold will be leading the way up...the flight to safety has begun...banks have bought more gold over the past year than they have in decades and that trend continues."
"Gold...which I’ve recommended...people consider giving some respect to as a safe haven, has also breached a critical sentiment barrier by hitting $2,000."
As expectations build for the Fed to throw in the towel on its inflation fight, there’s a good chance the ceiling on precious metals prices will soon be lifted.
If you listen to those who only go by GDP and jobs, then the economy is strong, but by many other ways of viewing the economy, it is weak and cracking all over the place.
