“We Ain’t Seen Nuthin’ yet.”
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“We think the bull market in gold has only just begun,” says the author of J. Taylor’s Gold & Technology Stocks Newsletter. “First of all gold has been so severely depressed that even if we had a healthy global economy, it could easily rise another $200 before it became fully priced. However, the world has no end of economic problems, . . . Therefore we think something more like a $3,000 gold price is a kind of number that is even more realistic than Frank Veneroso’s estimate of a $600 “commodity price” for gold, during the best of times, during the second half of the 1990s.”
Doug Casey, author Doug Casey’s International Speculator, believes we’ve only just entered into the second stage of the big bull market. By the time we get to the third and final stage – which Casey says is a couple of years away yet –- “The public will be chasing these things the way they ran after Internet stocks. How do I know? Because I’ve been in this market for thirty years, and I’ve seen it happen five times in the past (1973, 1980, 1983, 1987, and 1996, to be precise as to the peak years). But this one will be the biggest of them all, because not only will gold (and commodities in general) be running, but the public, trained by the 1983-2000 bull market, all have brokerage accounts, and will be looking for the next hot sector. And the gold/resource story will tell exceedingly well. What’s coming up is going to be a mania for the record books.” . . . . .
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