If this occurs, maybe even $5 share price, lol?
Gold May Top $6,000, Silver $600: Asset Manager
Published: Friday, 2 Sep 2011 | 1:02 PM ET
Gold prices may reach $6,200 per ounce in a bull run which will “end all major bull markets,” Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm, told CNBC.
Gmuer’s prediction is based on analysis of the last major gold boom of the 1970s, during which gold prices rose from $35 per ounce to $850 per ounce. Gmuer said that in the current bull run, prices would be pushed upwards by a protracted period of global economic difficulty—potentially lasting years—during which investors would continue to search for so-called safe havens.
“Gold prices have risen over the last few years, as the macroeconomic picture has become worse. The deterioration of the fundamental situation has now gone even further.
“Purchases by investors of gold will be based on fears of systemic risk or banking crashes,” Gmuer said.
The investment manager said that as no "safe" currencies remain, cautious investors had no choice but to opt for precious metals.
“The ultimate currency, which has stood the test of time, which has no political support behind it, is gold. Nobody can print gold out of a machine or a PC.
“What the Swiss National Bank did two-and-a-half weeks ago, increasing the supply of the Swiss franc, means the safe currencies are all gone. That is why gold will have a revival,” he said.
Gmuer said the precious metal had entered a “super-cycle,” which he likened to the 1998-to-2000 boom in technology media and telecommunications.
He added, “This bull trend will end all the other major bull markets,” and singled out debt capital as an asset class for which demand and prices would decline.
However, Gmuer denied that high and rising gold prices could be indicative of a bubble. “If everybody is saying a particular asset is a bubble, that reflects the fact that most people have disposed of it,” he said.
Other calculations indicate that gold prices could peak at $3,500 or $4,000 per ounce. This is based on historical data regarding the long-term ratio of gold prices to the global money supply.
On Sept. 2, gold [GCCV1 1876.90 47.80 (+2.61%) ] peaked at $1884.60.
Silver Set for 20-Fold Price Rise?
In addition, Gmuer said silver is set for an even greater upward run than gold, with the market due to correct a distortion in its pricing of silver in relation to gold.
Gold and silver currently price at a ratio of around 45:1. However, Gmuer said declining silver output over the last 60 years—as a result of inventory depletion and mine closures—meant silver supplies currently outnumber gold by a ratio of less than 10:1, thus indicating a market correction is due.
Once this occurs, Gmuer said that silver prices would settle at 10 percent to 15 percent of gold. This implies that if gold reaches $6,200 per ounce, silver will peak at between $620 and $930 per ounce.
A milestone perhaps; that management has finally sold some stock for a higher price than where we're trading at. Progress...
I hope by the end of the day we have about 2 million shares short. Then in about a week, management releases more good news, squeezes the shorts but good and we make the big jump into the 8 or 9 range.
If there really was institutional demand in the background for this stock, why can't they just start buying like everyone else, push the price up a little, like $10. The rest of the world does it this way. Seems like we're just grasping at straws here, hoping for some dam miracle.
6. Perhaps they feel the stock price will be less than $2 in the near future and if they're going to raise cash for the next couple years, they better do it now........
thanks alphabet, but it's taking so long, why hasn't there been faster progress in learning these things? Any advantage they have is quickly disappearing the longer they take...
biotech56; we need you to buy another 999,999 shares. We are having excellent volume today but still the sellers are on top of the price. If we could do 150,000 to 250,000 share volume for a couple weeks, maybe we could get the sellers out of the way. February has been good to Vical in the past.
thanks GT. So as EP technology advances, why not develop an instrument, needle like and long, which can deliver the drug and provide voltage over a small distance inside the body?
Somewhat in relation to this success I ask:
Can EP be applied internally, deep within a person's body? Wasn't A-7 an ointment? Does a reformulation that uses EP technology resurrect the efficacy of this product? Sorry for the stupid questions.
overlycautiousinvestor; You can be assured there are enough big money bag holders involved here with legal counsel a plenty that would not be afraid or even hesitate to block any give away of the company.
I'm not sure it's that complicated; probably nothing more than tax loss selling combined with no reason to buy. The price is slaved to news and when there is no news we have no buyers, simple as that.
Based on this company's track record at getting a good price for their private placements, perhaps they would sell the company for the 200 day moving average, shaft all longs good..., wouldn't surprise me.