Hey Guys,
I'd like to throw my 2 cents worth into PoG discussion. I follow several stockmarket and gold analysts on the web. One is AG Thorson (GoldPredict.com).
Here is his most recent take:
"Gold Near-TermPrices are consolidating, and this could go on for another 1 to 3-months. I see two potential outcomes.
Scenario 1) Gold breaks above $1800 and attempts to breakout above $2000.
Scenario 2) After consolidating, prices break below $1660 and drop back towards $1500 - $1550."
IMHO I think it will be a combination of the two above scenarios. Gold will fail to break above $2000 at the first attempt. Its peak will closely occur before the next downleg of the stockmarket where everything will be sold in the rush to liquidity (including gold).
Link:
https://www.gold-eagle.com/article/gold-price-forecast-1929-market-crash-versus-now
But after that correction PoG is smash through $US 2000. The correction will be an opportunity to buy gold stocks for the ride of a lifetime. Of course DYOR.
I'm a long term gold bull but in the medium term (3-6 months) it maybe prudent to cash in some of the gold stocks. All subject to how gold market goes.
