Jeff Clark notes historical correlation between bullion prices and an expanding U.S. monetary base
While many of us at Casey Research don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the
gold price.
That correlation says we'll see $2,300
gold by January 2014.
There are plenty of long-term charts that show a connection between
gold and various other forms of money (and credit). Most show that one outperforms until the other catches up. But let's zero in on our current circumstances, namely the expansion of the US monetary base since the financial crisis hit in 2008. ...
Continue accumulating
gold – or to start without delay. Waiting will have consequences of its own.
People say that there's nothing certain in life except death and taxes. In my view, $2,300
gold is a close second.
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