July 5, 2014
FFC is forecasting continued deterioration in gold prices in 2014. The price of gold in usd/oz will continue the trend down to $1200/oz with the occasional short-term (order of weeks) bounce up in price.
The most significant long-term feature in the price of gold is a 32 year cycle that peaked in March 2012 and is now trending down.
Current Economic Indicators
|July 22, 2014 (Close of Day)|
|Global Stock Markets Growth, %||0.82|
|US GDP Growth, %||-3.00|
|US Inflation Rate, %||2.07|
|US Unemployment Rate, %||6.10|
|Gold Price, $/oz||1,310.25|
|WTI Oil Price, $/bbl||102.39|
|US 10 Yr Treasury, %||2.48|