Economy is slowing down, Peter Schiff is very good to summarise what is bad about the economy now. All the good news you can get on CNBC. Jim Puplava and James Rickards are talking as well about FED's inability to rase rates now. Nobody knows the future, but US Dollar rally is killing the recovery in corporate profits and market valuations are getting too extended now. Any further hesitation in parabolic move of the dollar will confirm Gold Double Bottom, next target is $1,300 when the real fun will start.
This is one of the best interviews with Jim Rickards. The future will tell whether Jim Rickards is right on interest rates. His Currency Wars have become the reality and Gold will finally reflect the fundamentals once US Dollar will finish its parabolic move. Realisation that FED cannot really raise interest rates in any meaningful way will be the catalyst for this move. China's dramatic appetite for Gold and decrease of gold output will drive the demand and supply constrains.
Finally the word is out and multiplied by ZeroHedge. Let's wait when the story will hit mass media now.
"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output. Read more."
"Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."