What Will Cause Gold To Rise From Here?
By : Captain Hook
Treasure Chests.com

Gold is overbought from a conventional technical perspective; of this there is little doubt. So the question then arises, if this is to be so, as fundamentals for rising gold and silver prices become stronger by the day (see below), what will cause the prices of precious metals to rise further from here, or after a mild correction? Answer: A widespread (think currency wars) and accelerated currency debasement. And simply to catch up to previous inflation, never mind what is coming. This is of course the right answer, however it's not what will motivate people to actually buy gold and silver. No, that distinction will go to rising prices, which are on the way, coming soon to a theatre near you - literally. (I'm not sure how much higher movie ticket prices can go without affecting demand, but rest assured prices will keep rising until this is discovered.)

But never mind movie ticket prices, as this is discretionary spending, which will suffer as prices continue to rise. How about food and energy prices? You know, those things we need to live and that consume large chunks of our incomes, but are considered unimportant in government inflation statistics. These are the things that people will finally start to notice when prices rise sufficiently that the lifestyles of increasing middle class people are affected. This, is when the lights will come on for growing numbers, which will cause them to finally look at precious metals seriously and buy. Right now the public is selling gold because they think the price is high and wish to pay bills. These people will be shocked at their lack of vision in the not too distant future when they realize they should have been buyers and not sellers.