Fresh new headline! I don't care, I need this sort of sheet occasionally. The gibbering over-confident homunculus inside is jerking in his harness. Not a 7 year, not a 10 or 12 year cycle, but a 21 year bull market in gold, ending in 2021, target $10,000 USD, and cycle three is just beginning! And I was worried. Gold Forecaster Says $2,000 in 2014
I am salivating already. Just can't wait to get rich. Woohooo...................... Before anyone takes me too seriously, it is hard to talk with your tongue in your cheek.
Lol It's the cycle, stupid! When you go on the dude's website he sells tickets to his conference on predicting the price of gold. Wonder how many people he would get to sign in if he said he sees the price falling or stagnating. Just another charlatan
Happened mid last year too, sell orders issued to clients while Goldman themselves bought up GLD big time
$2000 in 2014, unlikely. $10,000 by 2020, very unlikely. You must at least put a bull market into historical perspective. Nothing in history has come close to this increase, yet his saying it will be a cyclical repeat. 750% in 6 years? Get out'a town! Newfish giving false hope.
Arent you a party popper? We all here are soo excited to see $2000 sooon. Dont you know we spent big when spot was $1700+?
1976-1980 say hello. Gold low 1976 - $100 (exact low was over $100) Gold high January, 1980 - $850 (exact high was over $850) In 1974-1976 gold went from $200 to $100. 50% decline. 1976-1980 750% increase. Haven't read the article, just going from memory. I am guessing the author of the article is Polny and that he is using the $1180 area low as the final low and calculating a 750% increase from that amount. The answer would be somewhere between $10,000-10,100. Polny is famous for adjusting his numbers and dates and then claiming accuracy.
Honestly, no one knows. Some crazy event may push the gold price to the stratosphere, but we shouldn't bet the farm on it.
Sweet! $2000 gold, and if the Gold to Silver ratio returns to its historical norm of 16:1 that means my silver is going to be $125 an ounce!
1980s rally was not a cyclical event, it was a market corner attempt at silver and gold just lagged behind. The unrealistic thing about this is he is suggesting we will have a 750% increase in normal bull market conditions. Not going to happen. I'd say $3,000 gold is plausible by 2020.
16:1 ? maybe intrinsic ratio, not historical. I thought sammysilver was crazy in saying 30:1 was the norm. From what I see, 50:1 is the current 30 year historical norm. It will only go under that in a bull market.
I believe I suggested that a GSR of 30 would be at the next peak of silver. I also said that at that point, silver stackers would need to decide whether to cash out into filthy fiat or gold. As I do not trust banks, I would quickly swap out or sell silver/buy gold as, as you say, GSR would go to 50.
