Since the collapse in the price of gold and silver, we have a shocking forecast for gold and silver. This is a discussion between traders Alessio Rastani and Kevin Burton. Watch video:
While Alessio remains bullish on Gold for the long term, Kevin expresses a rather controversial point of view.
Do you agree with the views expressed in this video? Let us know what YOU think and leave your comment below.
Link to this post!
I don’t believe it! Gold is going to $3,000! Woo hoo!
The Goldbugs are faithful, lets see what news event will effect prices.
Courtesy of KingWorldNews.com
Today legendary trader Jim Sinclair told King World News that, despite the volatility, what we are witnessing is the beginning of the end for the gold shorts. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this tremendous interview.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/25_Sinclair_-_This_Is_The_Beginning_Of_The_End_For_The_Gold_Shorts.html
Sinclair: “I think it’s critically important for investors to realize that the COMEX warehouse is not going to wait for significant further declines in their inventories before they adjust their settlement mechanism.
Yesterday we pointed out that during the Hunt crisis there was this type of adjustment made by the COMEX Board of Directors. We also quite clearly demonstrated that there is a strong correlation between the present lack of supply in the gold market and what happened back in 1980.
Thanks Broge – excellent point.