by Mark O’Byrne
GoldCore
Gold price forecasts have been revised higher in recent weeks and Citi became the latest bank to revise higher their projections for gold, despite the recent weakness in the price.
[…] Citi Research, the research division of one of the world’s biggest banks, raised its gold price forecast to an average $1,280 in the current quarter, $1,300 in the July-September period, and $1,250 in the final three months of the year.
Citi has become bullish not just on gold but on a large section of the commodities complex, including oil:
“Commodities markets appear to have turned the corner and, led by the petroleum market, are accelerating their price recovery from the lows of the last year, especially since this past January,” Citi said. “While the price increases experienced since early 1Q (first quarter) remain subject to the ‘new normal’ of relatively high volatility, it appears there is no turning back any time soon.”
Long an ‘exporter of democracy’ to the rest of the world, there is ample evidence that the United States lacks even the most rudimentary, basic protections necessary to preserve voting integrity within its own borders.
Not that I remember what America was like in 1957, as I was not yet five years old. Years later, when I was old enough to understand, they told me their story. Briefly, it goes like this.
In a recent release, the FBI has indicated that it will be presenting a recommendation to Loretta Lynch, Attorney General of the Department of Justice:
One of the biggest buzz-terms of the falsetto, faux recovery has been ‘escape velocity’. If there are any NASA engineers left, they can correct me, but I believe the term was used in physics or perhaps rocket science to describe the velocity an object must reach to break the hold of the Earth’s gravity. And you think Economics has some formulas? I’d LOVE to see the one for the real escape velocity.
As explained in another, just-released commentary, Hostage Markets are back for precious metals. This is the term originally coined in 2014, to refer to the absolute choke-hold which the Big Bank crime syndicate has exerted over precious metals, going all the way back to spring of 2011.
The stock market is extremely vulnerable to a correction.
Sean and Stormy Fravel met in 2012 in Alice, Texas.
With so much focus on the West’s massive money printing schemes, here is the shocking reason why China will send the price of silver skyrocketing over $100.
The Dollar Increases in Value