Gold To Reach 'Undreamed Of Heights' (but first expect a drop)

[SpacePete]

Something I saw on SeekingAlpha. I'm not paying to hear the full interview but they list the main points:

Summary: up a little this year, then down a little bit more (China-related deflationary credit contraction), buy @ $900, then gold to the Moon.

Gold To Reach 'Undreamed Of Heights' (Doug Eberhardt)

Jan. 19, 2017 9:20 AM gld

Summary

* Precious metals are in a mini-bull market that will top out.

* Expects a significant credit contraction event that will be deflationary.

* Ultimately, expects gold to reach "undreamed of heights" in regard to price.

...

* Precious metals are currently in a small bull market but will likely top out this year.

* Expects a major, deflationary credit contraction (likely China-related) that will put significant downward pressure on gold.

* His ideal buy price is $900, but after this deflationary cycle, expects gold to reach "undreamed of heights."

 

[SpacePete]

A couple more of these and you can call me Pete1998.

 

[leo25]

yea I've been hearing people say golds going under $1000 every year and been hearing people saying golds going to the moon. Often from the same people. (cough... martin Armstrong)

Flip a coin i guess.

 

[SpacePete]

yea I've been hearing people say golds going under $1000 every year and been hearing people saying golds going to the moon. Often from the same people. (cough... martin Armstrong)

Flip a coin i guess.

It's more important to look at the reasons given, and evaluate why they got it wrong.