Gold At $5,000!
June 1st 2013 18:00
Following up on Is Gold Dead?, I came across an interview of Larry Edelson who appears to have a great record of predicting gold price movement. Here's the conclusion:
From Edelson's mouth to God's ear...
Larry: I can't tell you until the market tells me. I can tell you, however, that we're getting very close. As I said before, gold's two-year correction ends this year.
John: That leaves two remaining questions: When during this year will gold bottom? And second, at what price level?
Larry: For the answers to these questions, I don't guess. I don't have opinions. But I do have my cycles and trading models. So when they tell me to start buying, you can bet that I'll be buying with both hands and that I'll start backing up the truck. Personally, I am super excited about it for three reasons:
It will be the most important buy signal in gold since my buy signal way back in 2000, 13 years ago.
It will represent the beginning of gold's next major leg higher, which will take it to over $5,000 an ounce in the next three years.
And, I personally plan on making more money in gold over the next three years than I did over the last 13. So it's going to be hugely rewarding and a lot of fun.
John: That leaves two remaining questions: When during this year will gold bottom? And second, at what price level?
Larry: For the answers to these questions, I don't guess. I don't have opinions. But I do have my cycles and trading models. So when they tell me to start buying, you can bet that I'll be buying with both hands and that I'll start backing up the truck. Personally, I am super excited about it for three reasons:
It will be the most important buy signal in gold since my buy signal way back in 2000, 13 years ago.
It will represent the beginning of gold's next major leg higher, which will take it to over $5,000 an ounce in the next three years.
And, I personally plan on making more money in gold over the next three years than I did over the last 13. So it's going to be hugely rewarding and a lot of fun.
From Edelson's mouth to God's ear...
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