Paul’s Economic Outlook:
The U.S. Economy is recovering.
Gold nudges up but still near seven-week low; China's demand rises
As the U.S. economy improves more of our old economic allies will return and will dump gold and use the dollar. As China looses the business from these allies their economy will tank, and they are buying gold as a hedge.
Oil down on China factory data, US supply forecast
U.S. supplies increasing driving the U.S. economy. China demand is decreasing as they lose business to the U.S.
IMF Leader Calls For Bold Policies To Aid Recovery
As the U.S. economy recovers, led by the energy industry, the U.S. dollar will increase driving foreign currencies and economies down unless they get into bed with the U.S. The U.S. is tightening monetary policy and the rest of the world is loosening (temporary fix).