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Gold Could Fall To $1,000 If It Breaks Through Key Resistance On QE Taper, Weakness In China And India
Not too long ago, gold was making all-time highs as investors poured into the yellow metal seeking safety. That is old news: the gold trade has completely broken down since last September, with bullion now down more than 30% since then, and possibly making its way down to $1,000 an ounce if it …
In a recent article in Quartz, Gwynn Guilford made the crucial point that the turbulence in China’s financial system is a debt crisis, not a liquidity crisis. She explains:<p>What it means is that China’s massive stimulus from 2009 to 2011 sunk money into projects that are generating little or no …International Monetary Fund
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