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Monday
Dec092013

“If You Believe in Math, Buy Gold” -- Brent Johnson, Santiago Capital

Brent Johnson, CEO of Santiago Capital, was recently on CNBC. “Buy gold if you believe in math,” he told viewers. Since he is a friend, I followed up with him on a call.

“Longer term, I think gold goes to $5,000 over a number of years. If they continue to print money at the current rate, I think it could be multiples of that. I see a slow steady rise punctuated with some sharp upward moves.

“When you have something as big as the monetary system itself going through its potential death, you have a lot of volatility. That can work for you to the upside and the downside.”

But why has gold come down?

“I think there were a number of people in gold who did not really understand the metal; gold has been moving up for a number of years, which probably drew more people in and pushed it up higher.

“The debt downgrade of the US in 2011 also pushed it higher. It went up quickly in a short period of time. When that happens, we tend to see a pullback.”

So the current bear market in gold is a result of the fast move up?

To read this article in full please click here.

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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