Can this be a new bull market for gold?

  • Posted by Allan Lederman
  • On February 23, 2016
  • 0 Comments

The jury is out for now but there are encouraging signs:

  1. Negative interest rates (don’t underestimate)
  2. Non stop printing of money through bond/debt monetization
  3. Oil sector instability impacting solvency of banks
  4. General weakness in world economy impacting confidence

On the other hand:

  1. Threat of rising interest rates. This is strange because higher debt service would only lead to more money printing and economic slowdown
  2. Deflationary trend making cash more valuable
  3. The US economy will create enough growth to pay debts, rebuild infrastructure, maintain the military and pay for 200 million loafers. If you believe that I have a bridge in Brooklyn you can buy.

Gold is going up.