Gold prices just nudged above USD $1230 ahead of tonights payrolls

Jordan Eliseo

The Perth Mint

Gold prices just nudged above USD $1230 ahead of tonights payrolls. Mixed week data wise, with AiG numbers in Australia and services out of Europe and US ISM Non Manufacturing soft. China composite PMI drifted lower too. New homes sales in Australia were strong, whilst ADP private sector employment was well ahead of estimates. Gold has eased back past few days after a near USD $70 rally from Dec 31st, with shorts unwinding, and a few getting ahead of commodity index rebalancing. Certainly too early to call a change of trend, and would seem a bit too cute for it to happen at start of January. With a relatively slow start to the investing year, perfect time to share outlook for 2014 based on Bob Farrell's 10 rules of investing. Cover US 10 years, Equity CAPE, corporate earnings, Bitcoin, Aussie Property and Gold Enjoy (VIEW LINK)

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Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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