Here Is The Summer Catalyst Which Will Launch Gold Higher

On the heels of the release of the Fed minutes, and with crude oil trading above $105, today a legend in the business spoke with King World News about what is taking place in the gold, silver and bond markets, as well as what is taking place in Europe. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also cautioned that we should expect to see more fireworks coming out of Europe this summer which will impact the gold market.

Barron: “Today the FOMC minutes came out for June. The gold price bounced briefly before retreating. Clearly it scares all market participants if the word ‘tapering’ gets mentioned. The bottom line is that most Fed members were still in favor of continuing with QE because the job market continues to be weak.

When Bernanke was interviewed about the effects of QE, he was asked why interest rates were going higher? He responded by saying he ‘was puzzled.’….

“Well, to anyone who understands economics, when you print massive amounts of money it always results in higher interest rates over time. It’s only because of government interference that bonds held up as long as they did. The bond market had also been resilient for a longer period of time because of the fact that the economy is not really in stagflation or deflation, it’s really in a depression.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/10_Here_Is_The_Summer_Catalyst_Which_Will_Launch_Gold_Higher.html

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