Gold to $2,000

If a senior technical strategist at Citigroup is to be believed, gold prices will soon be testing $2,000 per ounce. If a senior technical strategist at Citigroup is to be believed, gold prices will soon be testing $2,000 per ounce. If a senior technical strategist at Citigroup is to be believed, gold prices will soon be testing $2,000 per ounce. You are receiving this email because you subscribed to Outsider Club. [Click here]( to manage your e-mail preferences. [Outsider Club logo] Gold to $2,000 [Jason Simpkins Photo] By [Jason Simpkins]( Written Aug. 30, 2019 If a senior technical strategist at Citigroup is to be believed, gold prices will soon be testing $2,000 per ounce. Shyam Devani, the analyst in question, says that the ratio between gold and the S&P 500 is testing a critical pivot point and a break higher could trigger a rally that pushes gold prices 25% higher. “Equity markets continue to look vulnerable, especially given the deeper inversion of the U.S. yield curve,” Devani says. “Sometimes the ratio between asset classes is too hot. Sometimes too cold. But sometimes the chart signals ‘Just right’.” On Wednesday, the 10-year bond yield fell even further below the interest rates on two-year bonds. At the same time, interest on 30-year bonds fell below 2%. This inversion of the yield curve has been a consistent predictor ahead of every major recession. That’s the biggest reason for [gold’s latest surge](. Gold is up nearly 19% year-to-date while silver has soared 7%. And the month of August was especially hot, as gold jumped $112 per ounce, beating June for the best gains since 2016. Meanwhile, the S&P 500 has tumbled more than 3% this month. [Gold Price 8-19] This is 100% in line with what we’ve been predicting for years. Now, our case is stronger than ever. [Gold Could Disappear From the Ground Forever]( New gold discoveries are hitting record lows. Just the price to mine gold has skyrocketed 412% over the last decade. With only 5% of mines actually panning out... Gold is being squeezed so much, that a price explosion is imminent. And that’s only one reason for gold to jump... I have four more catalysts to show you. [Plus, discover the #1 gold play to make right now here.]( We are clearly heading into a sluggish, if not recessionary, environment. The market has been faltering, and we’re long overdue for a bear market. Similarly, as the global and U.S. economies have begun to falter, we’ve re-entered a period of loose monetary policy. Rate increases at the Federal Reserve slowed and then reversed course, culminating in July’s 25 basis point cut. The Fed’s key rate now stands at a range of 2-2.25%. The FOMC will meet again September 17-18. It’s widely expected that the Fed will issue another rate cut at that meeting. Of course, there’s no guarantee that the Fed will cut again, but given certain economic indicators, it’s likely. President Trump has been harassing Chairman Jerome Powell for months now, demanding rate cuts to weaken the dollar and mitigate the damage of his trade war with China. He’s even tried to appoint unqualified lackeys to the Fed’s board to do his bidding. Trump continued his broadsides in August, calling the Fed Chairman he himself appointed an enemy of the state on par with Chinese President Xi Jinping…[Trump Fed Xi Tweet] [Trump’s Secret “Tech Mandate” to Ignite 50-Cent Stock]( In Trump’s EO 13769, there’s a secret mandate to deploy a new device at airports nationwide. Just days ago, the tiny defense stock behind this technology IPO’d. And it’s already surging... up 120% in days. At the very least, 2,500% gains are on the table — before 2019 is over. You have days to make a move. [Click here to act now.]( The central bank is supposed to be independent. It’s mandated by Congress to moderate prices and promote employment. It is not the job of the Fed to compensate for poor economic policy, to throw the dollar under the bus any time we face the prospect of a recession, or to prop up the stock market with cheap money. Nevertheless, it’s clear why the President would want to avoid such a collapse heading into the 2020 election. What remains to be seen, though, is how susceptible the Fed will be to Trump’s harassment. Will it cave to political interests or stay true to its mandate? We don’t yet know. But if the Fed does cave it will have set an entirely new precedent that future politicians will continue to exploit. Going forward, every politician in Congress will scapegoat the central bank to save their own skin, and the Fed will lose all independence, neutering itself and effectively becoming a political tool. That would be terrible for the dollar. And such a scenario, alone, makes gold an attractive investment. Nevertheless, the reality is that the Fed doesn’t have many tools left. Rates are already low, with little room to limbo any lower. [Bizarre Crypto Opportunity Gives You the Chance to Own Bitcoin for]( But you need to hurry: News is about to break that could close this weird window forever and you might miss out on this opportunity altogether. 99.99% of investors have NO idea this even exists. Yet, it could turn every $1,000 you invest into $23,000 or more. [All the details are right here...]( Unless, of course, the Fed follows Europe’s lead and takes rates negative. In that case, people would have to pay a fee just for the privilege of lending money to the very banks they bailed out 10 years ago. If that happens, I think Shyam Devani is drastically underestimating the dramatic surge we’ll see in gold. In that case, $2,000 per ounce would just be the start. And if you want to know the best way to profit, [you should check out our latest gold report here](. Fight on, [Jason Simpkins Signature] Jason Simpkins [follow basic]([@OCSimpkins on Twitter]( Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of The Wealth Warrior, a financial advisory focused on security companies and defense contractors. For more on Jason, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Killing the Ghost of Summer]( [Negative Interest Rates Are Gold's Biggest Positive]( [Negative Interest Rates: An Abomination That Makes a Lot of Sense]( [Bond Market Cracks, Gold Soars]( [James Dines: America's Second-Biggest Blunder]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. 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