What Are the Odds of $1,500 Gold?

What Are the Odds of $1,500 Gold in 2017? by Rory – The Daily Coin

According to a recent Bloomberg article inflation pressures are going to push gold to $1,500/ounce. Well, if gold were actually adjusted for inflation it would be in the neighborhood of $2,500 – $3,000/ounce as of today. Never mind the inflation that Bloomberg is referencing, which is the inflation on the horizon.

Gold and silver this week have been steadily moving higher. Is this a function of Theresa May authorizing Article 50 for a Brexit or is there something else at play? I can say with confidence it is not because of Trump/RyanCare nonsense. I can also say it is not due to inflation, as real inflation has been running north of 6% for some time.

If we review John Williams, ShadowStats.com numbers we can clearly see how much inflation is eating away at our hard earned wealth. If inflation were playing a part in gold’s ascent gold would be moving to the upside every single day.

Charts below courtesy of ShadowStats.com

Click image to Enlarge image/shadowstats.com

If we calculate the inflation from 2013 to today gold should already be $1,439/ounce (2016), using the inflation calculator provided by the Minneapolis Federal Reserve – but according Ronald-Peter Stoeferle, Incrementum AG, $1,400/ounce gold it is yet to come.

Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.

Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). Spot bullion — which was at $1,249 on Wednesday — last traded at $1,400 in September 2013. Source

So, where’s the increase? Why is gold, currently, sitting at $1,252.30 (3:30pm CST 3/29/17)? Could it have something to do with the market manipulation and price suppression scheme we learned about from Deutsche Bank? You bet it does.

I hope the Chinese get their fill of gold soon and this “market” somehow breaks free of this criminal suppression that will allow gold and silver to naturally move up and down in an actual market.

Even though gold and silver are moving to the upside this week the cartel has a keen on keeping both metals on a lower trajectory. It is not in the best interest of fiat currency hustlers to say otherwise.

Not everyone is bullish. Societe Generale SA recommends selling on rallies as it sees gold declining amid further tightening by the Fed and only limited impact from political events. The bank has forecast an average of $1,125 in the fourth quarter. That’s is line with the outlook for $1,230, according to the median of estimates compiled by Bloomberg.

Earlier this year, BNP Paribas SA — the most accurate bullion forecaster in the final quarter of last year, according to Bloomberg rankings — also sounded a note of caution. Bullion would probably decline as the Fed pursued rate hikes, keeping the dollar strong, the bank said in January.

Kaplan’s View

The Fed’s preferred gauge of inflation was 1.9 percent in the 12 months to January, just below its target of 2 percent. The Dallas Fed’s Robert Kaplan, a voter on policy this year, said this week he sees inflation and employment nearing the bank’s goals and continued to advocate gradual tightening.

Fed decision makers including Chair Janet Yellen have repeatedly rejected the notion that policy is too lax even as the economy recovers, with inflation ticking higher and joblessness dropping. “I currently see no evidence that the Federal Reserve has fallen behind the curve,” Yellen said in early March. Source

“Economy recovers, with inflation ticking higher” is beyond my capacity of understanding. Where is the economy recovering, which sector? Inflation is certainly ticking higher – see the chart above and as the retail apocalypse continues to unfold, who will be left to buy McDonalds hamburgers and support the $15/hour worker? Oh that’s right, those jobs will soon be automated and there will be no need for those workers either.

So, how will gold reach $1,500/ounce? If the bullion banking cartel allows it to happen, it will happen. If not, gold will never see $1,500/ounce. The criminal banking cabal is in charge of the levers making gold and silver rise and fall at their command. We, the humans who see the value in both metals, have no voice in the matter – until we do. Until then we stay strong, stay long and keep on stacking.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.