Barron's column, "Up and Down Wall Street, quotes Charles Nenner, who correctly recommended selling AAPL @ $700.00. He states that gold will fall further to $1284.00 by June. Nenner, states, "don't try to bottom pick just yet."
What is your opinion?
This might be the last time we can get gold before the burden of the debt, and interest finally hits us. We tripled the debt since 2000, yet we have not felt it yet because the interest rates are held down artificially. Once interest rates blow up to where they should be (5 to 6%), the governement will be on the hook for 1 trillion or more in interest payments by 2016 when the debt will exceed 20 trillion, or 4 times what it was when Clinton was president. The government will have no choice but to print trillions to pay the interest. That will cause hyperinflation, as interest rates go up, and then interest on the debt will go up again. A vicious cycle. So, my feeling is to wait for the bottom in gold, then load up for the last time.