Much has been written over the past few months as to just where gold (and silver) is headed. In light of the recent significant drop in price below is substantiation for such a decline and several projections as to where the price correction will bottom out and the timeframe for such price action.
My new analyses of gold & silver indicates they will both continue to show weakness throughout the balance of 2015, plummet to $725ozt. & $12ozt. respectively, during the 1st. Qtr. of 2016 and then go absolutely parabolic in price by the end of 2016/early 2017. Below are the specific details of my forecasts (with charts) to help you reap substantial financial rewards should you wish to avail yourself of my insightful analyses.
Several signs have been flashing for the past year that gold has become too big for its britches and will eventually adjust to a lower price which could push the yellow metal off the edge of a cliff to – dare I say – not just below $1100 or $1000 per troy ounce, but to $880ozt.
I see gold going lower and lower eventually breaking below the psychological figure of $1,000 and perhaps even testing the $850 level to break the back of gold bugs and get the CNBC cheerleaders to claim the gold bull dead.
I believe that we are on the verge of an epic sell-off in silver that will take the price of gold’s little brother down to the $10 level quickly. I have a strong sense that the price action over coming months will shock many, just as they were shocked by oil over recent months.
I must take Harry Dent to task regarding his adamant call of $250-$400 gold…In my mind he is dangerously “DELUSIONAL” because following his advice will place you in grave danger. Here’s why.
If you have no gold or silver, you will be “Greeced,” “Cyprused,” or otherwise financially screwed for not taking responsibility for your own economic future. Those who already own either or both gold and silver know this although they still foolishly complain about the paper price continuing to decline – and that focus is grossly misplaced. Here’s why.
I believe those with patience will get the chance to buy gold a lot cheaper than current prices. Gold could be heading toward the $1,000 per troy ounce level – or lower – and that price may come in a fast and furious sell-off.
We will allow all of you here today, in the weeks running up to the seizure of the world’s gold, to put in place your trading strategies in anticipation of the ’Mother of All Insider Trades’. This will allow you and your organizations to profit beyond your wildest dreams when we ‘drop the hammer’ and reduce the price of gold to $20.67 USD.
You have no doubt read countless articles on the price of gold costing x dollars per “troy ounce” or perhaps just x dollars per “ounce” but the difference between the two measurements is significant. For that matter, what’s the difference between a 24 karat gold ring and an 18 karat gold ring? Let me explain.