Today the man who is connected at the highest levels in China said $3,000+ gold is coming, and despite an extremely strong performance this year, gold’s bull market has just begun.
December 4 (King World News) – John Ing: Today there is a great deal of complacency. Earlier the rise in gold reflected that the investing climate was not well. Central banks were building up their war chests because gold is an alternative investment to the dollar. For others, gold is sanction-proof. The dollar is not forever. For central banks and investors alike, gold is an alternative to the dollar…
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We believe that while gold has given up some gains following Trump’s victory (buy on mystery, sell on history), the pullback presents an ideal purchase opportunity. Technically gold has broken out through our short, medium and long-term moving averages. Gold’s fundamentals remain intact.
Speculative positions have fled. The US has elected another inflationary president. No one stands for sound money. To us, the rise in gold is not a surprise. While $2,650 may seem high, it is less than 50% above the 2011 peak. Gold rose nearly 2,400% from 1971 to the January 1980 inflation high. From 2011, gold rose from $252 an ounce to $1,900 in 2011. Despite the correction, gold is up 35% this year and we continue to believe it will surpass $3,000/oz. The warning signal is clear, gold’s bull market has just begun.
All Hell Is About To Break Loose
To listen to this timely and powerful audio interview with Michael Oliver CLICK HERE OR ON THE IMAGE BELOW.
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