Pacific Gold Corp fka PCFG

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US Global Investors Weekly Gold Outlook

http://www.usfunds.com/investor-resource...

Gold Market
For the week, spot gold closed at $1,353.47 per ounce, down $15.28, or 1.12 percent for the week. Gold equities, as measured by the Philadelphia Gold & Silver Index, fell 1.73 percent. The U.S. Trade-Weighted Dollar Index rose 0.43 percent for the week.

Strengths
•Marcus Grubb of the World Gold Council commented: “The rediscovery of gold’s properties as both a currency and a monetary asset have been brought into sharp focus. Quantitative easing has forced the adjustment of global imbalances into currency markets and the resulting currency conflict is positive for gold. In addition, we believe demand will be facilitated by the growing number of channels that serve to make gold more easily accessible to a greater number of investors.”
•Founder of CPM Group, Jeff Christian, recently noted that, “Right now you've got all of the stars aligning for favorable gold prices. You have a lot of investor concerns about economic conditions and stock market conditions, and very low interest rates you have a great deal of concern about financial market instability.”
•At the first annual Forbes & Manhattan Resource Summit, Dundee Wealth Inc. Chief Economist Martin Murenbeeld presented his "Nine Bullish Arguments for Gold," which clearly make a strong case for further commodity cycle momentum. “The shortest (gold) cycle, it turns out, is 10 years. We have just finished the ninth year," Murenbeeld explained. "With the kind of things that are happening in the global economy, could I stand up here and say to you this will be the shortest commodity cycle in the history of these data? In fact, I'm likely to say this will be one of the longest, if not the longest cycle, in the history of these data.”