This Is Why Gold & Oil May Explode Higher In August

via: KingWorldNews
August 7, 2012

Today acclaimed commodity trader Dan Norcini told KWN, “One spark for gold may be at some point in August we begin to have rumors about what is going to happen at the Jackson Hole meeting.  The first round of QE was announced during that Jackson Hole Summit in late 2008.  So the upcoming meeting may wind up being very significant when it comes to which direction central planners are going to take.”

Dan Norcini continues:

“You may very well get a lift in gold based on the type of monetary response that may come out of Jackson Hole.  The other situation which could escalate and have a huge impact in the key markets, particularly crude oil and gold, is the disintegration that is taking place in Syria.

If the war begins to engulf a broader scope of the Middle-East, bringing Israel and Iran into conflict, that powder keg could create an explosion higher in the price of both crude oil and gold….

Continue Reading At: KingWorldNews.com

Advertisements

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

  1. Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: