Although the year-on-year inflation information might decrease in the next consumer price index (CPI) release given how low the base was in 2014, the month-on-month boost can spike, triggering gold price rally, claimed Lobo Tiggre of the Independent Speculator.
" Watch the month-on-month adjustment. Ask yourself, has anything truly obtained cheaper over the last month? No, well, maybe lumber, but typically talking absolutely nothing's obtained less costly. The month-on-month CPI numbers, numbers the Fed takes a look at, I think will certainly tell a very strong story that ought to truly send a few tremblings of fear to the powers that be," Tiggre told David Lin, support of Kitco Information.
Long-lasting, Tiggre expects gold to climb to $3,000, and also silver to breach $150, probably even $200.
0:00 – Gold vs. UNITED STATE dollar
5:20 – Gold vs. inflation
12:48 – "Why I'm a Gold Insect"
15:48 – "Fireworks": rising cost of living, Basel III
19:10 – Gold supplies
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