Gold Price Forecast

Today we are going to be looking at gold with a gold price forecast. We analyze the recent run-up that has created a great deal of excitement and fear for many investors and traders.
We're also going to be looking at some upside measurements that we have for this market. Conversely, we are also looking at an area that should provide support should the gold market pull back from its current levels.
In this new video we are going to be focusing on our "Trade Triangle" technology and what it means for traders. We will explore short-term, intermediate-term, and long-term trading in this precious metal. This will all be done using our "Trade Triangles."
As always our videos are free to watch and there is no need for registration. We hope that you enjoy the video and that you share your comments.

Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the later part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.

Bob Chapman more Stimulus to come

Bob Chapman on Radio Liberty 20 sept 2010

Bob Chapman wrote in The International Forecaster of the 15 Sept 2010 :"As we pointed out in our last issue the administration will attempt to have $643 billion in stimulus passed by Congress between November 5th, and the end of the legislative session, this in the midst of 52.4% unemployment of people between 16 and 24 years old. No one needs to remind politicians and those who control them that this is the age group that fight wars and start revolutions. The corporations, which would receive tax breaks of $300 billion are making record profits and are sitting on over $1.5 trillion in cash. These are the same corporations that continue to fatten their bottom line by laying off workers. Far be it for us to call this a political payoff, especially with the elections only seven weeks away. This reminds us of five years ago when Congress allowed American transnational conglomerates, the same companies that have cost America eight million jobs over the past nine years, via offshoring and outsourcing, to bring home $350 billion from their hideaway in the Cayman Islands. The deal was that these corporations would bring home their loot at a tax rate of 5-1/4% instead of paying the regular 35%. For this they would create jobs. Needless to say, few jobs were created. These are the kind of sweetheart deals our politicians arrange for those who pay them off. Incidentally, the tax scam is still flourishing and the corporations now have $1.6 trillion sitting offshore waiting for another dispensation. Some things never change and what the administration proposes is just more of the same. A reward for those destroying our country. Wall Street, of course, looks at this quite differently, because they have an attention span and time horizon of 30 seconds, or the time needed to make the next trade or to create the next scandal. We were 28 years on Wall Street and we didn’t miss much. Incidentally, administrations pull this, let’s payback our masters, about every 2-1/2 years, thus, if you take the time to look you will find this is nothing new. Another question is where did the $868 billion in the first stimulus program go too? We have seen no accounting and sources in Washington tell us $275 billion still hasn’t been spent. Perhaps it has ended up in the hands of some labor union."

Stocks, Oil Advance as Dollar Weakens Before Fed Sets Policy

Stocks, Oil Advance as Dollar Weakens Before Fed Sets Policy
Dec. 16 (Bloomberg) -- U.S. and European stocks rose on speculation the Federal Reserve will say it plans to hold its benchmark interest rate at a record low for an extended period to sustain the global economic recovery. Oil and metals rallied as the dollar fell. Read article