With the Dow tumbling 400, bonds rallying and the price of gold surging, one indicator is now forecasting $1,900 gold. Also, take a look at what is happening to the price of gold in Australia.
US Debt & Gold
May 23 (King World News) – Dan Popescu noted: “US debt and debt limit vs gold: Gold price should be around $1,900 (see chart below).”
Rising US Debt Forecasts $1,900 Gold Price
King World News note: It is important to keep in mind that the price of gold often overshoots US debt rather than simply catching up to it, which means the price of gold should trade to a new all-time high well in excess of $1,900.
Meanwhile, in Australia…
No bear market in gold in Australia as the price of gold is now attacking an all-time high!
Price Of Gold In Australia Attacking All-Time High!
***KWN has now released the powerful audio interview with Andrew Maguire discussing the gold and silver takedown and what to expect next and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also just released: Mountains Of Misallocated Capital And All Of Its Consequences Will Intensify As Bear Market Strengthens CLICK HERE TO READ.