Larry Edelson predicts $125 silver and $500 gold.

Nationalist · Jun 7, 2014

http://www.moneyandmarkets.com/repo...i&[email protected]&sc=ESYB&ec=6084111

Apparently thia guy called the top in 2011 and has been warning people off precious metals until now

he also says platinum and palladium could rise suddenly if Russia decided not to sell to the west as they own 50% apparently ...

Anyone able to suggest where to buy platinum and palladium in brisbane, and where to research Australian precious metals mining stocks. Considerong throwing afew dollars at some juniors (after DMODD of ccourse).

S. Ohno · Jun 7, 2014

$5,000 gold and $125 silver
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Golden ChipMunk · Jun 7, 2014

.

sammysilver · Jun 7, 2014

GSR of 40 is also a key point. If this were to happen, it would make gold almost as attractive as silver.

Pirocco · Jun 7, 2014

I think I'm gonna need to see the price of my cheese tenfolding before paying $125 for an ounce silver!

lshallperish · Jun 7, 2014

"omg silver will hot blahblah gold will hit blahblah" ... how many times have we heard this bullshit

Pirocco · Jun 7, 2014

They always talk about prices, but I wonder, if I'd go to them offering my stack for $150 an ounce, would they buy it? Of course not. They expect OTHERS to pay that price and get that less silver.

Nationalist · Jun 8, 2014

Did anyone watch the vid? I thought he seemed more credibke than the usual spruikers

finicky · Jun 8, 2014

Thanks for posting. Wish I could rewatch selective parts without being locked into the whole spiel (i.e no progress bar, just a pause function)
$5000 gold $125 silver

Just for entertainment I followed up the leveraged 3x junior gold miners shares index etf he recommended. It's a quite new etf and you're left wondering whether Larry didn't have a finger in the pie of setting it up. I must admit it looks 'promising' for the possibility of making some kind of low here from my view of it. The weekly has made a hammer candle, then a bullish engulfing candle this week.

Direxion Launches Bull/Bear Junior Gold Miner ETF (JNUG)
October 4, 2013

Direxion's Daily Junior Gold Miners Index Bull 3x Shares (JNUG) and Daily Junior Gold Miners Index Bear 3x Shares (JDST) both track the Market Vectors Junior Gold Miners Index, which offers exposure to a global universe of small- and mid-cap gold and silver mining companies better known as "junior" miners. JNUG is designed to provide 3x exposure to this index, while JDST offers -3x leverage

The funds' underlying index currently invests in junior gold miners from around the world, though exposure is tilted towards equities from Australia and Canada, which together account for more than 80% of the index. Meaningful exposure is also allocated towards stocks from Singapore, the U.S., Hong Kong, and Britain.
http://finance.yahoo.com/news/direxion-launches-bull-bear-junior-110046284.html

finicky · Jun 8, 2014

http://bewareofmoneyandmarkets.com/

AGmagic · Jun 8, 2014

Let's hope this guy is right so all you stackers can finally quit your day jobs.

Fat Freddy · Jun 8, 2014

If I had a kilo silver bar for every time I've heard this kind of noise, I could build a 5-bedroom house out of silver bars.

willrocks · Jun 8, 2014

Fat Freddy said:

If I had a kilo silver bar for every time I've heard this kind of noise, I could build a 5-bedroom house out of silver bars.
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If I sold a book to everyone who believes this noise, I'd be Mike Baloney.

Pirocco · Jun 8, 2014

Larry Edelson sounds alot like Larry Loveage in Leisure Suit Larry.

willrocks · Jun 8, 2014

Pirocco said:

Larry Edelson sounds alot like Larry Loveage in Leisure Suit Larry.
Click to expand...

[youtube]http://www.youtube.com/watch?v=XqXpWJhsuaI[/youtube]

ego2spare · Jun 8, 2014

he predicts the top for gold in the same week 3 years ago and has hated gold ever since, until now. just for fun, ima stick with this guy

willrocks · Jun 8, 2014

Is this the same guy making the same claims in October 2013.

http://www.gold-eagle.com/article/7-reasons-why-gold-prices-are-poised-take-again

I have every reason to believe gold will easily hit $5,000 or higher by mid-2016.

For starters, just consider the following.

1. The Washington fiasco. Many are jumping for joy that Washington D.C. finally agreed to end the shutdown and raise the debt ceiling so it could pay its bills. But is that really good news?

In the end, all Washington did was kick the can down the road to January on the budget and February on the debt ceiling. So there's going to be more infighting, more disagreement, more shutdowns, more nasty politics coming in just a few months from now. How's that good for our country?

Recent polls show Congressional approval at its lowest point ever. And I can tell you, living in Asia, most investors here now view the U.S. as a joke. They have no faith in Washington and are taking matters into their own hands. That's why the U.S. Dollar Index is just a mere 4.8 percent away from crashing to new record lows.

This is critically important for gold's emerging new bull market for the simple reason that gold does best when confidence in government is falling. And confidence in government, on both sides of the Atlantic now, is in firm bear market territory. That means the seeds for a new bull market in gold are now actively sprouting.

2. Built-up inflation. Everyone knows inflation is higher than what Washington reports.

But when confidence in government is high, government deceit and misrepresentations are typically brushed aside just like a Ponzi scheme that goes undetected or is glossed over during good times. Most give a cursory look at the phony inflation figures, or accept them at face value.

Not so when confidence in government is falling sharply. Just the opposite occurs. Again, like a Ponzi scheme, when investors turn sour, the charades are finally exposed for what they truly are. Lies, lies and more lies.

In the case of inflation, that's when investors begin to recognize that consumer prices have been running much higher than they previously accepted, and then they begin to act and expect prices to go ever higher, setting off a new inflationary spiral.

3. The gold market is tiny. So tiny, in fact, that all the gold that's ever been mined could fit in a cube 60 feet on each side, or roughly two Olympic-size swimming pools.

A tiny gold market is no problem when investor confidence is elsewhere, in the government's ability to manage a sound economy.

But when that confidence disappears, the tiny gold market becomes explosive as even the smallest amounts of new investment take up limited supplies, sending gold's price sharply higher.

Moreover, the huge run-up in the price of gold over the past 12 years has done little to increase supplies. In 2001, total world gold production was 2,600 tonnes, and an ounce of gold averaged $271. In 2012, the latest full-year figures, total world production was only 3.8 percent higher, at 2,700 tonnes, despite a 615 percent increase in the price of gold.

Elastic, gold is not. The higher price did virtually nothing to increase global production. Meanwhile, during gold's interim bear market over the past 30 months, dozens of mining companies have been forced to slash production, or even shut down, virtually guaranteeing that new supplies in 2014 and forward will fall.

4. Washington and Brussels want your money. They're doing everything in their power to get their hands on your wealth.

They're engaging in financial repression, artificially keeping interest rates low to transfer wealth from you to them, so they can pay their debts with lower interest rates, and their bills with cheaper currency.

They're spying on you like never before. Not just here in the U.S. but also in Europe, hunting down as much of your income and wealth to tax.

They're engaging in capital controls, limiting the movement of your money. In France, they have all but outlawed gold ownership. India has slapped a 10 percent surcharge on buying gold. Germany is hunting down and taxing money that's fled to Switzerland. The U.S. is making it nearly impossible for you to invest or put money offshore.

All of this is soon going to come back to haunt Washington and Brussels by causing the exact opposite of what they want: It will drive money underground, into black markets, and into art, collectibles, rare coins and, ironically, the asset governments hate the most, gold.

I could rattle off one bullish fundamental after another. But there are some technical reasons I must highlight as well.

5. Gold is now more oversold than at any other time since 1985. Simply take a look at the bottom of this chart. It shows the rolling returns of an investment in gold since 1981.

The recent bear market, which I pegged, is gold's worst performance since 1985 and also represents a hugely oversold condition. One that is essential to lead to a huge move in the opposite direction up.

6. Long-term cycles are still on track. For confirmation, all you need to do is look at this monthly cycle chart for gold, based on data back to 1792. We are now in the timeframe for a major low. Given the normal margin of error, the window spans from August to January of next year, at the latest.

Then the cycles point substantially higher heading all the way into June/July of 2015, followed by a correction, and then another blast off into 2017. The final high, with gold hitting at least $5,000, should come sometime between 2016 and 2017, at the latest.

7. Weekly cycles are also showing the potential for a major low. Take a look at my updated weekly cycle chart for gold. As you can clearly see, the shorter-term cycles point to gold now being in the timeframe for a major low.

There's more, much more I could go into. Suffice it to say that I believe we are now rapidly approaching...

A major low in gold.
That time and place where gold will lift off in the second major leg up in its long-term bull market, one that will ultimately see gold move to at least $5,000 an ounce.
Click to expand...

Nationalist · Jun 8, 2014

Same guy. But in his defence, he doesn't to have said gold has actually its bottom until now. if you can rely on what is said in the interview, for 3 years he has advising against buying gold, and this is the first time in 3 years he has said the bottom is actually in and it's time to buy. I haven't heard of Larry before now, but came across this video and thought it was worth posting. Time will tell if he is just another spruiker. He does want to sell subscriptions to his website and they aren't cheap.

dccpa · Jun 8, 2014

Nationalist said:

Same guy. But in his defence, he doesn't to have said gold has actually its bottom until now. if you can rely on what is said in the interview, for 3 years he has advising against buying gold, and this is the first time in 3 years he has said the bottom is actually in and it's time to buy. I haven't heard of Larry before now, but came across this video and thought it was worth posting. Time will tell if he is just another spruiker. He does want to sell subscriptions to his website and they aren't cheap.
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I watched the video and the basis for his statement was the higher highs, higher lows argument. Gold made a lower low last week when it went back to the $1240s. Thus the premise of the video is invalidated.

swoydaz · Jun 8, 2014

sammysilver said:

GSR of 40 is also a key point. If this were to happen, it would make gold almost as attractive as silver.
Click to expand...

Or silver as attractive as gold?

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