Saturday, May 12, 2012
Many gold experts are predicting a massive upswing saying the downturn in gold has levelled off and history tells us when that happens, gold takes off again like a rocket. According to the highly respected economist and strategist David Rosenberg "gold will go to $3,000 per ounce before this cycle is over." Rosenberg considers gold has corrected and sees a “very good opportunity in gold” and seems to be "off the radar screen right now". He sees gold as a currency and says the best way to value gold is in terms of money supply and “currency in circulation.” As the “volume of dollars is going up as we get more quantitative easing” he sees gold at $3,000 per ounce. And in a recent interview John Hathaway revealed more valuable insights about the precious-metals market at the Casey Research Recovery Realty Check Summit. Joining him were Doug Casey, James Rickards, John Mauldin, and 27 other financial experts. And it was not so long ago that Alf Field, a noted gold expert pointed out, "The Elliott Wave Theory (EW) gives superb results in predicting the gold price…. I have determined that once this present correction in gold has been completed it should undergo the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way." Now seems the time to buy gold and take advantage of this golden opportunity as before the massive upswing in the gold price occurs.