Spot Gold Price Outlook
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It’s evident that no-one knows the next move for spot gold, and if one is in the market then it has to be on a tight stop such that if one’s chosen trend direction doesn’t work, then profits can be saved and losses minimized. Common sense, but so many find it hard.
With that said, when considering the long term outlook for spot gold: If the US is looking at trillion dollar deficits as far as the eye can see and unfunded liabilities that probably exceed 60 trillion– where else can gold go but up– at least in nominal terms.
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Federal dealings in the gold market have the potential to seriously disrupt the free market by either artificially inflating or deflating the price of gold. Given gold’s importance to America’s (and the world’s) monetary system, any federal interference in the gold market will have ripple effects through the entire economy. For example, if the government were to intervene to artificially lower the price of gold, the result would be to hide the true effects of an inflationary policy until the damage was too severe to remain out of the public eye.
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