Commodity Trade Mantra

Posts Tagged ‘Modi Government’

Why Some Major Financial Firms See Gold Prices at $1,440 to $1,550 Soon

A factor in my positive outlook for gold prices is the growing national debt, now almost $20 trillion dollars, has to be dealt with. It is at about 75% of the gross domestic product, a ratio not seen since 1950, after the budget exploded as a result of World War II. If the federal deficit for next year grows substantially, look for 2017 to be a very good year for gold prices.

Will India see a Resurgence of the Love Trade for Gold?

How much of an effect could the pent-up demand from India have on the gold price if the Modi government eliminates the current disincentives? I have a suspicion that gold can easily jump 30% over the next 12 months, and if we have that rise, then the gold stocks could rally 60% from here.

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