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« EU debate: Boris Johnson says Brexit will be 'Britain's independence day' as Ruth Davidson attacks 'lies' of Leave campaign in front of 6,000-strong Wembley audience | Main | Silver ETF Holdings Soar To Record Highs »
Monday
Jun202016

The Jaw-Dropping Roadmap To $10,000 Gold And $500 Silver

On the heels of continued volatility in the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, laid out the jaw-dropping road to $10,000 gold and $500 silver.

Egon von Greyerz:  “Between 1999, when gold bottomed at $250, and the 2011 peak at $1,920, there was only one major correction lasting 8 months in 2008. The ensuing correction from the 2011 top at $1,920 of almost $900 seemed to take an eternity until it finally finished in December 2015. During those four years it was always clear to me that the uptrend in the precious metals was still intact, although I must admit that I did not expect a correction of that duration. But after a long life in markets, patience becomes a virtue that is absolutely essential…

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Not such a good start to the week as gold is trading at $1282/oz and silver is trading at $17.32/oz in the southern hemisphere.

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