Looks like 15x is a shoe in, NOT!!! :^)
stockhouse.com
After numerous conversations with Don Wolanchuk, 14-Time "Timer of the Year," we began wondering whether Don was the greatest market technician in the history of the financial markets or a Megalomaniac Guru Gone Mad.....
.....Wolanchuk: Gold's going to the moon. Back when gold was at $500 per ounce, the bag holders couldn't buy it fast enough. The Fed raised billions and now those same bag holders want out at any cost: Argentina, Korea, the Swiss, the IMF, and now the UK are all dumping gold. You can just imagine who is doing all the buying - the FED and myself. Most people have no idea what's happening. That's good because the coming worldwide economic boom continues to leave most market pundits behind.....
.....Wolanchuk: Of course I do, but don't call me Shirley. Oil is going above $27.
StockHouse: So you're calling a new price target of $27?
Wolanchuk: It's been there before, you know. Three years ago. Eventually, it'll be above $42 - maybe in another 8 years. That's all part and parcel of this inflationary boom that's coming.....
.....Wolanchuk: It'll go beyond that. Nothing's going to stop it, except a shrinkage in the world's population. My initial target for the Dow, 16,600, should come here in a matter of weeks or months....
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