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Pierre Lassonde continues:
“So we’ve seen a 10% correction, is it the end or is it going to see another 10%? This being the end of August, September is always a good month for gold, it has been for the last ten years. So my feeling is that the correction at $1,700, plus or minus $20 is over. I think we are going to see an attack on the $2,000 level in September. It will probably bounce back off again, you’ll probably get a couple of bounces off the bottom....
Continue reading the Pierre Lassonde interview below...
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“Depending of course on what’s happening in the political world, if Greece explodes in the meantime, there’s no telling where gold is going to go. I mean you could see $2,400, $2,500 before year end. Is there a possibility of that? Yeah I think there is a 10% chance of that happening. If you look two years out I think there is a 100% chance (of $2,500 gold).”
Lassonde discussed in great detail where he sees the price of gold and the mining shares headed in the future. The KWN interview with Pierre Lassonde is available now and you can listen to it by CLICKING HERE.
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
Eric King
Pierre Lassonde - “Gold to Attack $2,000 in September”
With extreme volatility in gold and silver, today King World News interviewed one of the legends in the gold world, Pierre Lassonde. When asked about the action in gold Lassonde replied, “Yeah, we’ve had a really good summer for gold, which was to some extent been unexpected. I was thinking that we would see more marking of time for a while on the gold price, but no, it’s been a hot summer for gold. But the one thing I really don’t like is a candlestick formation. Gold was going up too fast, it needed a breather, it needed a correction to be able to stay in a bull market.”
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
August 25, 2011
