Banking on a Precious Metals Surge

Posted by on March 23rd 2012 in CFTC, China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, U.S. Congress, Wall Street | Be the first to comment!

“Gold prices are at their lowest since January but Barclays Capital expects the metal to rally around 15 percent to a lofty $1,850 an ounce by the second quarter due to inflation worries,” reports Reuters. And the investment bank also “said it expected precious metals to be one of the commodity price leaders in the second quarter, citing the ‘resumption of the kind of currency debasement/inflation concerns that have been the big driver of gold and silver prices over the past 12 months.'”

Related Links:

MarketWatch:  Gold up nearly $20 to finish higher for the week; silver gains 93¢

Gold AlertFed’s Bullard warns on letting “Inflation genie out of the bottle”

Financial Sense:  Jim Rogers: Why you want to own hard assets in an age of inflation

Scott Pluschau:  Update on silver with a follow up from the CFTC

Resource Investor:  Endeavour Silver provides blueprint to Sprott’s call to action

Bullion Vault:  Interpreting the sideways gold price

KWN:  Egon von Greyerz: Physical gold demand enormous & accelerating

Gold-Bullion.org:  The gold bullion at the end of the Irish rainbow

GATA:  Wall Street Journal misses the point about gold twice in one day

Financial Times:  China and Australia in $31 billion currency swap

GoldMoneyChinese gold buyers here for the long haul

Seeking Alpha:  Perhaps one of the best indicators for gold

ReutersChina mine hunt turns to Africa, S.America, Asia

BBC:  Obama names surprise World Bank candidate Jim Yong Kim

Of Two Minds:  About that $20 trillion in public debt….

Christian Science Monitor:  New Ron Paul ad slams Etch A Sketch ‘games’

Casey Research:  The ascendence of sociopaths in U.S. governance


Leave a Reply