USGovt will ensure the GOLD bull lifespan is very long
here is how I see it...
if they cease & desist all intervention efforts, then GOLD will fly north of $1500 per oz in an overshoot, perhaps hitting $2500 during all the short squeeze and short position resolution, then settle down at $1500-1700
if they continue to resist mother nature's pull on GOLD, with more additions to the short interest positions, periodically installed in order to stall the inevitable resolution, then GOLD will realize a higher and higher eventual target price goal
I fully expect the USGovt will not relent on their attack of gold until they come to the secretive conclusion that they will back the dying USDollar with a gold underpin support
since pride, stupidity, and stubbornness dominate, the USGovt will continue several more rounds of GOLD intervention price capping efforts, as they actually believe their fraudulent economic statistics
so I expect the target bar will periodically be forced higher
I expect GOLD to hit $5000 within 10 years
during the greatest, most colossal eruption in the financial world since the Weimar Republic implosion
the inept USGovt will lose control
as monetary inflation comes full circle to the USA, we will import price inflation, even as we exported it for 20-25 years
and GOLD will rise in price in breathtaking fashion
not this year, not next year, not in 2006 perhaps
it is written in stone, as mother nature exerts her dominance
ANYONE WHO THINKS GOLD WILL STOP AT $500 IS UTTERLY CLUELESS
ANYONE WHO THINKS GOLD WILL STOP AT $1000 IS NOT WELL STUDIED
ANYONE WHO THINKS GOLD WILL STOP AT $1500 IS NOT THINKING THIS THROUGH EFFECTIVELY
ANYONE WHO THINKS GOLD WILL STOP AT $2000 VASTLY UNDERESTIMATES THE DESPERATION OF GOVT
/ jim |
