Gold To $10,000 An Ounce?

This forecaster was anointed by Jim Sinclair when he went bullish. Evidently he had made a top call at $1900, I guess giving him credibility and in gold bug circles, guru status as a forecaster.

This forecaster was anointed by Jim Sinclair when he went bullish.  Evidently he had made a top call at $1900 (really, who did not know that was a top of some kind with the Euro knee jerks momo’ing gold in unsustainable volumes?), I guess giving him credibility and in gold bug circles, guru status as a forecaster.

On the long-term $10,000 gold forecast I am a mere mortal, so I can’t comment.  On the $2,000 in 2014; it’s possible.  On his rationale that the gold stocks will out perform gold because the stock market is going to make higher highs, which would supposedly be good for gold, I must strongly disagree.  I am not saying that the stock market will not make higher highs, but I am saying that I disagree that the case for gold and especially the miners depends on a strong stock market (and by extension, a strong US economy).

Here Daniela Cambone at Kitco Speaks with Bo Polny.  Click the graphic for the video…

Hey Bo… eyes front!  :-)

kitco

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