By Jeff Clark, Casey Research
While many of us at Casey Research don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the gold price.
That correlation says we'll see $2,300 gold by January 2014.
There are plenty of long-term charts that show a connection between gold and various other forms of money (and credit). Most show that one outperforms until the other catches up. But let's zero in on our current circumstances, namely the expansion of the US monetary base since the financial crisis hit in 2008.
Here's the performance of the gold price compared to the expansion of the monetary base since January 2008. Continue reading "What Will the Price of Gold Be in January 2014?"