Skip to comments.Gold $2000 In Four Months (Debt crises in Europe and the U.S. will lead to it)
Posted on 07/16/2011 7:28:21 AM PDT by SeekAndFind
Hinde Capital's Ben Davies says the debt crises in Europe and the U.S. will lead to only one thing: Gold 2K. He tells King World News:
This has the smell of 1998 when I was trading US government bonds and everyone was away on holiday and problems were beginning to brew. Stock markets were beginning to get violent in reaction to Russias problems and it all kicked off in the summer months and people were being called back to their desks. I just have that same kind of feeling now. This is not one I want to fight, the market is a little bit rich now in the short-term, but this could be the baby that takes us over the course of the next four months to that very tantalizing level above $2,000. I really think this is the move.
Notably he's more worried about Europe:
(Excerpt) Read more at businessinsider.com ...
Silver and copper are on the rise too.
And I stopped buying silver at $16 dollars/oz when I thought it was getting really pricey! Ha!
I’m not sure I know which way the market/gold is going. Some seem to be very certain, so I have a question for them...Why not buy futures on margin?
Just do it.
In an interview with Marc Faber yesterday, he spoke of several people he knew who had purchased gold at around $400 and sold at $1,000-$1,200, waiting for a pullback to buy in again. They are still waiting.
The last I bought were old silver dollars at $17.50 each.
Most of the silver dollars I have were bought at $11.50 each.