(6-6-13) In an article called "Gold prices are heading towards $1,000. There are many reasons why the gold bubble is deflating, and why gold prices are likely to move much lower by 2015," it appears that renowned economist Nouriel Roubini has changed his tune. (SEE "Gold prices are heading towards $1,000.)
Roubini is no longer the "Super Bear" that he was, and he's now long equities and short Gold. He has now joined the camp that the "Global Last Ditch Effort by the Central Banks," as I call it, is going to be successful.
And therefore, equity prices can continue to rise, according to Roubini, for another two years, and the Last Ditch Effort will be successful and inflation will continue to move lower, but we won't return to an out and out deflation, and therefore it's bearish for Gold.
But the debate now is whether the Fed will "taper off" QE (Quantitative Easing) purchases by the Fed of $85 billion of paper each month.