Things are finally lining up for REAL gold $1,000. Don't be caught 'short'.
'Short' as in 'wanting' in the amount of gold and silver stocks you own.
Adam Hamilton, to my mind is one of the, if not THE, best writers on PM's and PM stocks and I never miss what has to say.
Based on what I am reading this week, things are looking very, very good for us PM stock investors and the S&P, while it might have a few small pull backs is going to be on our side this time when we move over $1,000 to stay (for a long time at least).
That does not mean I'm not going to be trading the trend. I'll be trading even more because I 'know' the trend is up, and that is the best time of all to trade.
"The bottom line is gold’s quest for $1000 is nearing fulfillment. Not only are its fundamentals very bullish (including big inflation coming), but for the first time ever its technicals support such a move. $1000 is no longer overextended or overbought, but actually within multi-year and multi-month trends. It won’t require much buying by traders to push it over $1000 now, and $1000 won’t feel excessive given gold’s high base."
$1,000 an ounce? I'd say over $1,600 before the end of this year will be closer. HL will be in double digits in less than 12 months from today. Check out Peter Schiff. He's been right on target for seceral years now, and he is saying gold will get to at least $2,000. Silver will match and pace it.