Jim Rogers - Gold (Silver Price Etc) Will Keep Falling Into 2014 - 2015, Has NOT Hit Bottom!
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CharlesMcLain
Fly on the Wall
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I kinda buy the argument that as gold has been bullish for twelve straight years, the price correction won’t be done and over within a year. Won’t be surprised if gold continues the decline well into 2015. Keep stacking while you can 
mmerlinn
Ground Beetle
There is absolutely NO reason for PMs to go much lower and lots of reasons for them to go up. Does that mean they will not go lower? No. Does that mean they will go up? No.
All that means is that until there is some FUNDAMENTAL change (like they stop the printing presses) we are treading water near A bottom. Look for $1500 gold late this year or early next year. Likewise there is no reason for gold to go above $1525 anytime for the next several months and/or, possibly, though not likely, years.
Gold is going to go sideways now for months between its current lows and $1525. Once it breaks out of the sideways movements, look for another SHARP move up OR down depending on current circumstances.
Bottom line? Welcome to stackers heaven. Get your insurance while it is cheap.
All that means is that until there is some FUNDAMENTAL change (like they stop the printing presses) we are treading water near A bottom. Look for $1500 gold late this year or early next year. Likewise there is no reason for gold to go above $1525 anytime for the next several months and/or, possibly, though not likely, years.
Gold is going to go sideways now for months between its current lows and $1525. Once it breaks out of the sideways movements, look for another SHARP move up OR down depending on current circumstances.
Bottom line? Welcome to stackers heaven. Get your insurance while it is cheap.
