One of America's top money managers predicts gold prices will soon spike. Gold will shoot up to $1,400 an ounce, according to Jeff Gundlach, the CEO of big bond house DoubleLine Capital. That would be a gain of about 30% from gold's current price of $1,090. Gundlach thinks gold recently hit a bottom. It's been rallying since the beginning of the year as investors look for safe havens in the stock market sell-off. Lately, his predictions have been spot on. He was one of the first to predict the sharp oil price crash in the fall of 2014 and then the junk bond turbulence of 2015. He has been dubbed the "new bon Cnn money
That seems to be the way it ALWAYS works out. In other words he expects the USD to drop 30%, not gold rising 30%.
I liked it when AUD was around $1.10 USD not long ago. Bought many cheap buys on ebay then. I want to do that again. I want to see USD go down big time. My silver be worth lot more too.
We don't have a monumental debt like US. Sooner or later it's going to bring USD down big time. Me think sooner.
I see AUD by mid year to be down another 35% against USD due to Australia's inability to produce GDP.
I saw figures that claimed government and private debt currently near 200% of GDP. I'd say the AUD is heading down for a while longer. [youtube]http://www.youtube.com/watch?v=2tpvxsJAZPk[/youtube]
OPEC trying Glut of oil, no problems with supply, problems with storage. Iron ore, copper, lead, zinc and other base metals down. Miners restructuring, selling off unwanted............. Penny stock miners, zip exploration and many to fold. China...Stock market... devaluing Yuan... too much new infrastructure...slow down Germany...civil unrest Turkey...on the boil France...steaming hot PIIGS broke Broke countries lending to broke countries Tensions in the Arab States OPEC / Their members http://www.opec.org/opec_web/en/about_us/25.htm vs the US Frackers...Russia. Falling oil revenue...world-wide currency devaluation. Stockmarkets propped up by cheap money (Cheap interest rates) Terrorism Banks holding mining, fracker debt. Threat of a melt-down for stocks.
