Will Gold Regain Its Luster in 2015

before we get to the outlook let's review what went wrong for this year 2014 for gold phone number one of course very strong dollar for dollar means it was pricing gold out of the average dusters pocket there was no inflation scene because of the slide in crude oil prices that were down 40% this year and how I soar even below $2 trade in gasoline on the NYMEX show all of that no inflation very strong stocks very good of a bond or debt market that took away from gold and the funds have been clean and really fleeing because we've lost a hundred thousand open interest in gold chest since the last week of November 24th we were 475,000 tonight we're 373,000 contract can I meet is fighting inflation is the biggest reason to own gold now but we may start next year the strong dollar hurting exports and then he'll think twice and then of course they
start to raise less and slower than people expect which means you could have low interest rates for the foreseeable future change language recently administration came in had raised the import tax on gold tremendously shops on strike not selling gold selling silver course but not selling gold and then imodium ministration started to lure someone but still not enough that was not expected yes because if we do have a recovery in Europe with all the stimulus and we do have a recovery in China and we do need the industrial metals that of course Silver will be able to move along with gold and gold shop as well and a lot of that will depend on crude oil price forecast but I think better than what we're seeing now thirteen hundred dollar area for next year