The Deutsche Bank analysis warns that gold needs to fall further by 30% to reach $750 an ounce in order to bring prices back towards long-running historical averages. The bank analysis factors in world growth, the U.S. dollar, money supply, and central bank gold purchases with fair value calculated at $785 an ounce. Gold is clearly starting to build that force we have warned is required to make the major low. Then there is the extreme forecast of $350 published by Market Watch: Two reasons why gold may plunge to $350 an ounce.
Simply put, gold is going lower. Until there is blood in the street and roughly 98%+ are bearish on gold will it hit a reversal To bullishness.
States are mounting an uneven fiscal recovery from the Great Recession, with energy-rich states leading and Northeastern states with big pension obligations lagging, a new study shows.
Alaska, the Dakotas, Nebraska and Florida are on the most solid financial footing, according to rankings of the 50 states released Tuesday by the Mercatus Center at George Mason University. New York, Connecticut, Massachusetts, New Jersey and Illinois are at the bottom.
The Mercatus Center, a public policy research group, ranked the 50 states based on how well each state government planned spending in fiscal 2013 — the most recent year for which data was available — as well as their future financial prospects. from annual budgeting to cash to pay bills, to funding for pensions and long-term plans.
Of the top five states, the Dakotas, Nebraska and Alaska raked in revenue from national resources like oil.
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.