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Tuesday, January 03, 2012 8:23:07 PM
http://money.msn.com/investing/the-6%20big-market-events-of-2012-brush.aspx?page=3
After the November elections, expect another debt-ceiling crisis. Expect more talk of a U.S. credit rating downgrade. Debates will rage about extending the tax cuts put in place during the administration of President George W. Bush, which are due to expire at the end of the year.
Gold, once again, will serve as the haven. All of this will contribute to a move up in gold prices to as high as $2,200 an ounce.
Along the way, other factors will also contribute to a rebound in gold, now almost 20% off its 2011 high. Central banks around the world will maintain loose monetary policies, which support gold prices, because they create fears about currency debasement and inflation. Negative real interest rates will help too, since this leads people out of cash and into gold in search of higher returns.
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