| 2. Interest rates aren't budging (despite the Fed's efforts). In September, the Federal Reserve made its first cut to the federal funds rate in over four years. The intent was to lower interest rates, but that hasn't happened. In fact, the latest data from Freddie Mac shows the average 30-year mortgage rate has actually increased to 6.7% in the three months since the move. This is due to the long-term rates showing that our fiscal house is not in order, meaning the government has to raise more and more money. That creates an imbalance. You might think that a higher interest rate should equate to lower gold prices. That's true in a conventional sense. But these aren't conventional times. The truth is that if our country keeps issuing more debt and spending like crazy on the government side, interest rates can't come down. The only way out of the current mess is to devalue the U.S. dollar and the debt - both of which are good for gold. 3. The conflicts in the Middle East and Ukraine. The situation in the Middle East and Ukraine also isn't helping. We're roughly one year removed from when tensions started to heighten in the Middle East, and it's been almost three years since Russia launched its first military operation in Ukraine. The cost of war to Israel's economy is estimated to be around 12% of its GDP. As for Russia/Ukraine, the U.S. doesn't trade with them as much, but the war has affected U.S. businesses and caused gas prices to increase, which has contributed to inflation. There's also ever-lingering concern that Iran could get involved and spark a broader war in the Middle East. This fear has already spilled bullish sentiment over to gold's little brother – silver. For the past few months, silver has been trading at over $30 an ounce, a level it hadn't reached since back in 2012. A Golden Ticket For these three key reasons, I believe gold still has plenty of room to run going forward. I've recommended several gold plays to my readers recently... including a special gold company that also just hit 52-week highs. In fact, this rare gold group has been seeing significant volume lately, and it's a backdoor way to get in at roughly $20 an ounce vs. the current price of over $2,600. Click here to unlock this rare gold pick. Yours in smart speculation, Karim | 
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