from SRS Rocco:
According to Gene’s analysis, he believes the COT trading structure in the gold market is setting up for a higher price in 2014 and not a move towards $1,000 as some of the typical large banks have recently forecasted. This is precisely why I posted this article on my site.
I believe the gold floor price is in the $1,200 area, which is about the same break-even cost for the gold miners as a group. Once we include the continued high demand for the yellow metal, it seems highly unlikely the price will fall to the ridiculously low level of $1,000.
Of course, the LOW BALL FIGURES come from the very banks whose livelihood comes from stealing wealth from Americans via the Fraudulent Fiat Monetary Regime…. WHAT A SHOCKER.
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