Gold Price at record High

In the LAST TWO WEEKS we have seen the US Dollar move from $1.2751 to $1.3450 against the Euro, notes Julian Phillips of the Gold Forecaster.

The Dollar has also fallen against the Pound, the Yen and the Swiss Franc. In response, the Japanese government via the Bank of Japan is weakening the Yen as we write this. The trade-weighted Dollar Index of its value against a basket of competitors has fallen to 0.79 (a 4% drop), and points to a further major drop still. The breakdown through support is critical and will incite arguments that the US itself going to weaken the Dollar via coming Quantitative Easing.

And meanwhile, the Gold Price is nudging the record price of $1300 and promising much more.

The argument from the US Treasury that China should let the Yuan rise is now losing weight in line with the weakening of the US Dollar. All eyes are on the Fed after the issue of its statement this week. These pointed downward to deflation for the economy, despite the general belief that the US still has a recovery underway.

This is a major step forward for us in the gold and silver world. The Fed has indicated that deflation may have to be fought. If this is correct then the Quantitative Easing we have seen to date is more than inadequate. More than that, the Fed is aware it may have to inflate, to give the right financial environment for a 'real' recovery to take place. This means that the value of the Dollar both inside and outside the US will be lowered, in future. Markets are discounting deflation expectations right now. Once inflation appears, only then do we expect equity markets to rise, as the Dollar cheapens.

Seaview Condo in USA

Longport Seaview Condominium Business Information
Longport Seaview Condominium also does business as Longport-Seaview Condominiums, Longport-Seaview Condominium Association .
Location Type Single Location
Annual Sales (Estimated) $1 to 2.5 million
Employees (Estimated) 5 to 9
D&B: 13
SIC Code 651301, Condominiums
NAICS Code 531110, Lessors of Residential Buildings
Products, Services and Brands Information not found
State of Incorporation Information not found
Years in Business 32

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