Archives for August2010

Gold Rallying to $1,500 as Soros’s Bubble Inflates

Bloomberg News:
By Nicholas Larkin – Aug 31, 2010 9:28 AM ET

Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds.
Dear Gold Community,

As I have stated in my June 18th post, after $1,250 was broken more and more analysts will have the guts to come out and predict $1,500 and higher for Gold. We tend to agree with Jim Sinclair that $1,650 is a conservative target for 2011.  BK

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New York Billionaire Goes "All-In" on Gold

“I’m not a goldbug, but there are times when I feel like an evangelist for it,” says Thomas Kaplan, an Oxford-educated historian and chairman of Manhattan-based Tigris Financial Group. “To my amazement, it’s a hard sell. The conventional wisdom is that gold is for primitives. That derision shows me that contrary to the notion we’re in a bubble, we haven’t yet begun the real bull market.”   LINK…
From a May 2010 article LINK…

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