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Gold To Only ‘Fall Back’ From Here In 2018

Scorpio

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#1
Gold To Only ‘Fall Back’ From Here In 2018 — Capital Economics

Anna Golubova
Wednesday November 29, 2017 19:25

Kitco News


(Kitco News) - Gold prices will fall as markets head into 2018 amid a more aggressive Federal Reserve and U.S. President Donald Trump’s tax reforms, Capital Economics said in a report.

The yellow metal suffered substantial losses during the North American trading session on Wednesday, after it failed to successfully breach the key psychological level of $1,300 the day before.

February Comex gold was last at $1,287.30, up 0.09% on the day after “chart-based selling pressure from the shorter-term futures traders” triggered pre-placed sell stop orders, said Kitco’s senior technical analyst Jim Wyckoff.

By Q4 next year, Capital Economics estimates gold will only be trading around $1,200 an ounce, which is a fairly bearish outlook considering where prices are now.

The main obstacles for gold next year will be a more aggressive Fed, which will be encouraged to tighten more than expected due to successful passage of tax reforms, according to Capital Economics.

“Fed tightening will prove too strong a headwind, particularly for gold and silver,” the report said. “Indeed, it now looks increasingly likely that the U.S. Congress will pass a tax bill by early next year. This should give a boost to GDP growth and inflation in 2018, which, in turn, will force the Fed to raise interest rates more aggressively than markets currently anticipate and cause a small appreciation in the U.S. dollar.”

Yet, Capital Economics pointed to geopolitics as a major factor in supporting the precious metals in 2018.

“Strong safe-haven demand on the back of heightened geopolitical risks will continue to give some support to gold (and silver). But we think that prices will still fall back a bit from current levels.”

The picture starts to look much brighter for gold in 2019, Capital Economics pointed out, projecting for prices to go up to $1,280 during the first half of the year.

By Anna Golubova
For Kitco News

agolubova@kitco.com

www.kitco.com

http://www.kitco.com/news/2017-11-29/Gold-To-Only-Fall-Back-From-Here-In-2018-Capital-Economics.html
 

Irons

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#2
Gold prices will be pretty much stagnant for the next 15 years.
Plenty of time to stock up on Sovereigns before the next good run.

Life is good! . . :2 thumbs up:


.
 

Weatherman

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#3
“Fed tightening will prove too strong a headwind, particularly for gold and silver,” the report said. “Indeed, it now looks increasingly likely that the U.S. Congress will pass a tax bill by early next year. This should give a boost to GDP growth and inflation in 2018, which, in turn, will force the Fed to raise interest rates more aggressively than markets currently anticipate and cause a small appreciation in the U.S. dollar.”
They really need to get a few analysts who were already out of diapers in the 1970s. The FED was aggressively chasing rising inflation by raising rates throughout the 1970s, but the FED's interest rates were always less than inflation. That negative real interest rate was like trying to put out a fire by pouring gasoline on it. Real interest rates have been negative for several years, but manipulation by the FED and its bankster attack dogs kept gold and silver from rising so far.I am confident that the FED cannot raise interest rates to higher than true inflation, and that the upward bias will continue for gold and silver, despite failing bankster attempts to hold them down.
 

the_shootist

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#4
They really need to get a few analysts who were already out of diapers in the 1970s. The FED was aggressively chasing rising inflation by raising rates throughout the 1970s, but the FED's interest rates were always less than inflation. That negative real interest rate was like trying to put out a fire by pouring gasoline on it. Real interest rates have been negative for several years, but manipulation by the FED and its bankster attack dogs kept gold and silver from rising so far.I am confident that the FED cannot raise interest rates to higher than true inflation, and that the upward bias will continue for gold and silver, despite failing bankster attempts to hold them down.
She looks like a tranny to me!:belly laugh:
 

Professur

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#5
Gold prices will be pretty much stagnant for the next 15 years.
Plenty of time to stock up on Sovereigns before the next good run.

Life is good! . . :2 thumbs up:


.
It would if you'd leave some out there for the rest of us.
 

Irons

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#6

Professur

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Didn't your parents teach you to share? Where the hell is Fasttcar these days? I need a fix
 

GOLDBRIX

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Ebie

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#10
They have to let gold prices rise. Otherwise they will run out of real gold to support the suppression in the small real gold market. Also, the lower the price of gold the less stable the suppression scheme and a small black swan could cause a break in the pattern.
 

Irons

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#11
Damn it Irons, taunting us with purdy pictures will not endear you any closer to our hearts!
I found that picture on the internets man.
Irons doesn't have any Gold he is just a poor rural cracker. . . cry:


.
 

Professur

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#13
I blame that prick Hoffman and his 3 washplants.
 

GOLDZILLA

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#14
The prices will jump up as soon as the next democrat gets elected.
 

solarion

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#15
Weird how the US dollar index has been dropping all year despite this supposedly aggro fed policy. I guess nobody bothered to inform forex traders that dollars are supposed to be rising vs the Euro and other crap in the index. The yield curve has been flattening for some while, but I guess we're all to believe that's gold hostile too?

Do people really believe the fed is going to be able to "normalize" interest rates with moar than $20.5 trillion in official federal regime debt? When enough inflation comes to US shores the fed won't be able to do crap to fight it. They'll instead sacrifice the US dollar.