No new large discoveries of gold deposits dampening supply · Lack of previous investment for gold exploration · Falling gold production worldwide adding to its scarcity · Gold EFTs take gold off the market thus reducing supply · In the last Bull Run 70s to 80s gold prices increased 20 fold · Metrics: DJIA vs. Gold, about 19ozs buys the dow jones, it has been 1:1 in the past and could be again in the future. Assuming the dow jones remains above 10,000 then the gold price could hit $10,000 · Gold at its previous high of $850 adjusted for inflation puts the gold price at $2000 plus · Geopolitical uncertainty, a nuclear Iran creates world tension which pushes up the price of gold · A Dictatorial South America imposing restrictions such as increased taxation and nationalisation will deter investment and reduce gold production · India is growing and the sleeping dragon of China has awoken, their hunger for gold will drive gold prices higher · Internet: information travels around the world in a nano-second, reactions to news, true or false, will add to the volatility of the gold price · Web trading: increasing everyday, resulting in the trends being more exaggerated than ever before · The mania that I traded in during the last Bull market will be nothing compared to the coming Gold price explosion and the maniacal actions of traders and everyday people in the precious metals sector.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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