2016 Gold Futures Trading At $1709
Tyler Durden notes that long-dated gold futures are rising. Gold contracts for delivery in December 2016 are trading roughly $260 higher than prices today.
Oh so slowly, inflation expectations are rising.
Gold is up 1.4% as of 2:00pm EST.
More like this...Gold to Hit $1,700/oz, Silver Over $50/oz
Greg McCoach says gold is headed to $1700 and silver is on its way to $50/ounce. And it's not as far away as you'd think...
Jim Rogers: $50 Silver and $2000 Gold Inevitable
Jim Rogers predicts $50 silver and $2000 gold in the near future, and says farmers will be the ones driving Lamborginis, not stockbrokers.
MIT and ShadowStats Agree: Inflation Around 9%
MIT's CPI-alternative is spiking. So is ShadowStats.com's, Yet Fed numbers aren't showing much. Only one side can be right here.
Silver Passes $37 as U.S. Inflation Nears 9%
Official numbers aren't showing inflation (yet), but silver is certainly hinting at something. Next stop: $50?