If the political situation in the Gulf worsens, there is virtually no limit to the upside for oil prices. The oil price could easily double. [In adition,] there are also supply constraints to worry about going forward. [As for gold, it] is headed much higher in the long-term. [Let me explain.]

So said Rick Rule (www.sprottglobal.com) in edited excerpts from an interview with King World News which can be read in its entirety here.

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We are making a very important bottom here [in gold]. This is rock bottom sentiment and a buying opportunity… Gold has made a higher low in my opinion. It has not revisited the levels of last December and I think its setting up for a big move here. What is it that is still ahead of us that could take gold to new highs? [Let me explain.]

2. Get Positioned: “Gold Rush” Will Cause Gold Stocks to SOAR – Here’s Why

Whatever their reasons, the number of investors wanting exposure to gold is increasing. Many who ignored it a decade ago are now buying. Those who started buying, say, five years ago, continue purchasing it today in spite of paying twice what they paid then. Slowly but surely, it’s becoming more important to more people…but what happens when it becomes a must-own asset to a substantial majority instead of a small minority? Sure, the price will rise, probably parabolically, but putting aside speculation on the price of gold for now, have you thought about what happens if you have trouble finding any actual, physical gold to buy? [Let’s explore that possibility and what that would mean for gold stocks in such an eventuality.] Words: 870

3. John Embry: PM Stocks One of the Greatest Buying Opportunities of ALL Time!

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5. Peak Oil Is Still With Us – Here’s Why

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6. Why Oil is Headed To $300 – Yes, $300!

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8. Hess: $140 Oil was NOT an Aberration – It was a Warning!

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9. New Discoveries Insufficient to Avoid Peak Oil

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10. Goldrunner Called $1,920 Gold High Exactly; Now Expects $3,000 – $3,500 by Mid-Year

Short-term volatile moves in Gold, as we have seen over the past few months, do not affect our projections for the future price of Gold based on our fractal (pattern) “model” off the late 70′s Gold Bull. Just as we correctly projected the $1,920 high in our April article entitled Goldrunner: Gold on track to Reach $1860 to $,920 by Mid-year (gold reached $1,917.20 in late August and $1,923.70 in early September, 2011), our current analysis indicates that Gold will enter a range between $3,000 and $3,500 by mid-year 2012. Words: 975

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12. New Analysis Suggests a Parabolic Rise in Price of Gold to $4,380/ozt.

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