These guys are very bullish on markets.
http://www.marketwatch.com/story/on-the-cusp-of-a-new-bull-market-2012-09-21?pagenumber=1
Worth a read because sometimes the contrarian view is the right one, but I'll stick to my gold stocks thanks!
Maybe they're right but I prefer to invest where I am very confident I am in the right sector (and stocks).
If they are right, I suspect it will be only because of the devaluing of currencies, not because of improving fundamentals that they discussed.
A rallying market, if they are right, should be an extra boost for gold stocks as well, especially if the rallying market is only due to the devaluing currency and not improving fundamentals.
A lower AUD would also help gold stocks and I have read a few forecasts now of interest rates here been cut aggressively which might bring our dollar down and therefore boost the AUD gold price.
http://www.abc.net.au/news/2012-09-21/aggressive-rate-cuts-needed-to-prevent-australian-recession/4273676?section=business
This argument does contradict the previous article on improving economic fundamentals, but it seems to me gold stocks are set to go higher either way, simply because of QE3's license to unlimited money printing.
I consider the odds of a gold price above $2,000 in 2013 to be at least 80% even with continuing attempts to slow its advance through western govt or central bank manipulation. I see the odds of $2200-$2400 as at least 50% in 2013.
I see reasonable odds of much higher prices either in 2013 or 2014.
I might be proven to be too optimistic, but I’m not afraid of calling it as I see it for fear of someone later telling me I got it wrong.
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