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

#1 2017-01-20 14:58:21

SpacePete
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Registered: 2014-03-01
Posts: 13,437
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Gold To Reach 'Undreamed Of Heights' (but first expect a drop)

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."


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#2 2017-01-20 15:04:11

SpacePete
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Registered: 2014-03-01
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Re: Gold To Reach 'Undreamed Of Heights' (but first expect a drop)

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


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#3 2017-01-20 16:00:36

leo25
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From: Sydney
Registered: 2010-06-08
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Re: Gold To Reach 'Undreamed Of Heights' (but first expect a drop)

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.

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#4 2017-01-20 16:13:29

SpacePete
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Registered: 2014-03-01
Posts: 13,437
Trades :   122 
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Re: Gold To Reach 'Undreamed Of Heights' (but first expect a drop)

leo25 wrote:

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.


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