> Gold is firmly back in vogue, with analysts expecting more price gains
mineweb.net
>>Sperandeo, currently president of Alpha Financial Technologies, forecast gold and other commodities going much higher as tremendous inflation pressures build in the United States.
“Gold is about to explode because of inflation,” he says, cynically noting that BOLI/COLI (bank owned / company owned life insurance) has eligibility requirements that only bonds, gold and silver can satisfy. “Bankers of the world understand the system.”
Sperandeo warns those obsessed with a declining dollar that the currency may not fall as much as they expect because other countries will inflate their units in sympathy. <<
This means we will see the CRB going through 285 towards the 1980 high.
stockcharts.com[w,a]dallynay[dm][pd200,2]
Likewise, oil going through its 1990 high
stockcharts.com[w,a]dallynay[dm][pd200,2]
So, if POG, moving in its present range (betwen the Bollinger Bands), goes from 10X the price of oil to 14X, and oil remains at $40, theoretically, POG should go to $560. |
