I saw his 2009 gold report forecasting 5K per oz. People lost everything believing him. Now he changed his opinion and last year when gold was falling he was talking about how stupid gold bugs are and going to loose everything
As I understand he wants to wait final low and then collapse of Europe, USD skyrocketing, and then USD collapsing and gold going to the moon. Very hard to predict such precise chain of events..
DRM Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held