In general I do not like to post flat
out projections for anything at much higher than the current market price,
but directionally I think we might be facing a market dislocation in the
metals to the upside for some fairly well identified fundamental and technical
I do not think that a domestic US gold standard is inevitable at all. I think
it is still rather unlikely.
But I do believe that gold and possibly silver will have an important role to
play in international trade.
But first things first. Gold must break up and take out the small and then
the larger symmetrical triangles and retest the previous high.
There was some thinly disguised nonsense about gold on financial television
today that is often a good sign of an impending rise in price.