from GoldSilver (w/ Mike Maloney):
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Tag: 000 Gold
Bank of America Eyeballs $3,000 Gold
by Mike Maharrey, Gold Seek:
Bank of America is eyeballing $3,000 gold.
According to a report released by the big bank, gold prices could potentially hit $3,000 an ounce in the next 12 to 18 months as the Federal Reserve begins cutting interest rates and rising debt drives economic uncertainty.
BofA commodity strategist Michael Widmer said he thinks the next bull run will be contingent on a pickup in investment demand.
“If non-commercial demand picks up from current levels on the back of the Fed rate cut, the yellow metal could push higher again.”
$27,000 Gold
by Jim Rickards, Daily Reckoning:
I’ve previously said that gold could reach $15,000 by 2026. Today, I’m updating that forecast.
My latest forecast is that gold may actually exceed $27,000.
I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis.
Of course, there’s no guarantee it’ll happen. But this forecast is based on the best available tools and models that have proved accurate in many other contexts.
$15,000 Gold
by Jim Rickards, Daily Reckoning:
continually remind gold investors, whether in bullion or mining shares, not to get too euphoric when gold rallies and not to get too depressed when the dollar price retreats. Gold is still the best form of money and proves valuable to investors over time. This is true whether inflation or deflation prevails.
The key for investors is to stay focused on the long-term attributes of gold and not get caught up in day-to-day price moves. The dollar price of gold is volatile. For example, gold’s down over $17 today. But that’s not significant.
There’s no reason why your investment outlook needs to be volatile too.
