Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Citi's Tom Fitzpatrick: Gold and the US Debt Limit Correlation

IMG Auteur
Published : May 25th, 2013
103 words - Reading time : less than a minute
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Trillion

According to Citi's analyst Tom Fitzpatrick in his interview at King World News:
"As can be seen from the chart, Gold has never stayed below that “stairway to hell” for very long. Given that the debt limit number is going to continue higher, a re-emergence of Gold strength looks inevitable.

A lot of 'considered opinion' suggests that by the end of the present electoral term (the end of 2016 when new presidential elections take place), that the US debt limit will be at around $22 trillion USD."

Tom has a number of interesting charts which you can see at his KWN interview here.


<< Previous article
Rate : Average :5 (1 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Aurcana(Ag-Au-Zn)AUN.V
Change of Auditor
CA$ 0.24-2.04%Trend Power :
Corporate news
Gray Rock(Au)GRK.V
Gray Rock Closes Non-Brokered Private Placement
CA$ 0.02+0.00%Trend Power :
Corporate news
BowmoreBOW.V
Bowmore Closes First Tranche of Private Placement and Resignation of Board Member
CA$ 0.07+0.00%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Newmont Mining Acquires Cripple Creek from AngloGold
US$ 23.67+2.33%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Newmont Mining Asset Optimization Efforts Encourage Analysts
US$ 23.67+2.33%Trend Power :
Corporate news
Teuton(Ag-Au-Co)TUO.V
Teuton’s Harry and Silver Crown Properties located West and East of Ascot’s Dilworth Property up for Option
CA$ 0.08-5.88%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
This Week In Energy: Top 4 Reasons Oil Prices Are Heading Back Down
€UR 25.54-0.66%Trend Power :
Corporate news
PetrobrasPBR
Petrobras to Sell Stake in Bijupira & Salema Fields for $25M - Analyst Blog
US$ 8.83+2.08%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
Shell to Go Ahead with GoM Appomattox Deepwater Project - Analyst Blog
€UR 25.54-0.66%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
BP to Settle Federal, State GoM Oil Spill Claims for $18B - Analyst Blog
US$ 41.29+5.14%Trend Power :
Corporate news
Comments closed