A golden-cross for the yellow metal this week could see a $2000 gold price by late 2015. Based on data going back to 2000, a golden cross has led to a 50%...

A golden-cross for the yellow metal this week could see a $2000 gold price by late 2015. Based on data going back to 2000, a golden cross has led to a 50% rally in metals prices in the following 15 months. If history repeats (and IF gold holds onto current levels, which it may not if there is more of a Crimea premium still built in to the price), then we could see a $2000 gold price by late 2015, which would make the 2011-2015 period eerily similar to 1974-1978, which was followed by a quadrupling of the gold price in the next four years. In other news, Industrial production figures in the US beat big time, although the prominence of motor vehicle sales is a worry. NAHB homebuilders outlook is subdued, and manufacturing missed too, whilst in Europe, inflation (or lack thereof) was on show again All that and more (VIEW LINK)