$5,000 GOLD guess the time and date

A weaker dollar really doesn't help us with the trade deficit. It's not the 1960's. We have to run a trade deficit since a reserve currency has to run a capital account surplus/trade deficit.

Sure and Trump becomes Jimmy Carter, The Sequel...the 10-year Treasury yields goes to 12%. IF we're lucky.

You can't deflate your way out of debt. You're just screwing yourself in the future.

He had to, nobody trusts Russian financial markets. They're a Roach Motel: you can check in, but never check out.

We're not going to be at that level in our lifetimes, I seriously doubt.

At ~$8,000....the first MS-67 Saints might trade like bullion (1908 NM Saints). For an MCMVII HR AU-58, your probably need gold at $20K so no threat of that happening anytime soon.

 

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$300 an ounce was a lot more impressive when gold was under $2000 an ounce.

Looks like we're up, what, $400 today? More to the point, that's over 8.5%. In less than 24 hours. For gold, not the more volatile silver. I'm not sure we did that even during the 2011 spike(s).

 

True, but I refuse to adjust my predictions going forward by the CPI Index.

I think if you're looking at the COMEX contract it rolled forward today so that's why the change and level are all over the place.

 

Weak Japanese Yen and soaring Japanese 10-year Treasury yield are also stoking demand for gold by Japanese.

 

$5,617...up $276.

It looks like short-covering in both gold and silver, so some institutions should be getting their clocks cleaned. But no casualties yet.