$5,000 Gold Bandwagon Now Includes These 65 Analysts – Got Gold? by By: Lorimer Wilson
meluaufeet
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$5,000 Gold Bandwagon Now Includes These 65 Analysts – Got Gold? By: Lorimer Wilson 10/05/10
(Please note: This is a one-of-a-kind article which no doubt will get a great deal of attention and be posted on a large number of other financial sites and blogs. This is encouraged but to avoid copyright infringement the author’s name must be included with a hyperlink to the original article.)
hyperlink
The article includes a list of 'analysts', their price targets, and 'copy and paste' link to their forecasts.
Courtesy Flush
(Please note: This is a one-of-a-kind article which no doubt will get a great deal of attention and be posted on a large number of other financial sites and blogs. This is encouraged but to avoid copyright infringement the author’s name must be included with a hyperlink to the original article.)
hyperlink
The article includes a list of 'analysts', their price targets, and 'copy and paste' link to their forecasts.
Courtesy Flush
0
Comments
When I saw Clif Droke's name on that list I was really surprised as he is no gold bug, just an excellent technician who uses sentiment, TA and cycle theory very well in stocks, bonds, currencies, and commodities. When I went to the link provided there was no mention of any gold prediction in his article, let alone >$2,000. I sent the publisher a note as to the bad reference or erroneous attribution. Then I tried it again for Adam Hamilton of Zeal ($3500) and got some commodities site that didn't give any clear direction where to find an article by him or anyone else. I did try a 3rd one at $5,000 for P. Radomski and that was indeed listed. At 2 for 3 I think some more link checking is needed by the author. Fiat bugs are very touchy about not being able to have everything at their fingertips to disprove a bullish gold theory. If I were one, I could have panned the article after testing just 2 links. I read those 3 guys pretty regularly so I wanted to ensure the author's statements rang true with what I've read.
roadrunner
I took a look at the Clif Droke link and noticed the same thing... so I used that page search bar and put in: Clif Droke $6000. I got another page (link) and way down near the bottom was the following:
<< <i>“If gold increased at the same level in the current fourteen years as it did in the previous fourteen years,” he says, “gold has the potential upwards of $6,000 an ounce.” >>
But that looked to me that Clif Droke was qouting "Bud" Kress (#31 on the list)... hmmmmm. So I checked the link for Kress... bad address...
'Maybe' some of those 'cut and paste' links aren't as direct as we would like.
Just waiting for the catalyst.
<< <i>The new paradigm shift in gold is about to happen.
Just waiting for the catalyst. >>
I think what we're seeing is a few people getting out of paper and switching to
physical. There are large quantities of gold but there are small amounts that have
been sold many times over by the banks.
The situation in silver is much worse. Silver has been sold five times over but this
applies to almost all silver noy just a small percentage of it. It simply doesn't re-
quire a very high redemption rate to cause these metals to move.
Shorts have got to be very afraid. The status quo has always been unsustainable
but never moreso than when trust is eroded in the banks.
All it will take to cause silver to explode is a match and higher prices can do it. Gold
will always coattail on upward silver moves but silver can go down on its own. So
long as the economy is recovering gold will be higher. Silver might go up in any case.
My prediction is about $7,000.
(I do believe, by the way, that the gold is still there, but suspect most of it will be sold within the next decade as part of an international agreement that stabilizes financial markets)
Funny, I tried the Wood link as well and nowhere in that article does Wood even mention a price of gold nor does he state concurrence with anyone else's inputs. ????
I did get a letter back from the editor of the article and indeed, Clif Droke's listing was in error. As meluaufeet suggested already he got linked with Kress since he often cites his work on cycles. So Droke will be removed from the list. Darn, getting Droke in that mix would have been a coup. But when Droke finally gets added for real....that will be early in the final blow off.
roadrunner
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......