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Tanzanian Royalty Exploration Corp. Message Board

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  • keepshorting keepshorting Jan 3, 2012 8:53 PM Flag

    Gold will see $1200 and Silver $15 in 2012

    keepshorting, you'll be completely, and undeniably broke by March 9, 2012.
    It is possible. I am long calls on NEM, GG, AEM, RGLD, and GOLD. I plan on dumping them within 2 weeks except for those that expire in FEB. I am anticipating a quick runup to $1700-$1750 before end of FEB. And then all hell is going to break loose on the downside after that. TRX will be under $1 and gold will at $1200.

    I am longterm bullish on gold, just expecting a massive correction. The 1970's bull market had at least one 50% correction. In 1974, it was $200 and it fell to $100 before going to $850. 50% corrections are normal for SUPER BULL MARKETS. We are due folks, especially with all the gold bug titans saying gold is going to the moon all at the same time. Maybe the 2008 correction was the big one and I am wrong. We shall see.

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