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PHILIP MANDUCA,
Managing Director -- Titanium Capital Ltd.
"Gold is still by far the optimal choice
for most investors to play. It's been
successful in '04, '05 and '06. Gold will be through $1,000 in the next 18 months."
- Bloomberg, 11-29-06
JULIAN PHILLIPS
Analyst -- GoldForecaster.com
"We would not be surprised to see $1,000-plus
gold from sometime in 2007 at the
earliest to 2009 at the latest. Physical demand is now being added to by the
turnaround in hedge funds' change of heart
to the upside. The potential oil
shortage and more-than-likely ruptures in the stability of the global-money
system when the dollar starts to suppurate."
-Marketwatch, 11-3-06
DR. CLIVE ROFFEY, Elliot Wave Theory Analyst/Publisher
-- GoldAction
"I believe that the current correction
is a more likely to be a minor before a move
to well above the previous $720 peak, probably above $800. When the minor
correction should occur leading to a wave
5 that will eventually peak well above
$1,000 before we hit the next major correction." -321gold, 10-6-06.
HOWARD RUFF,
Editor -- The Ruff Times
"Gold and silver are now early in a historic
bull market that will dwarf the 500-1700%
profits we made in the '70s. Gold will hit at least $2,172 and $100 silver is
inevitable. Investment vehicles to avoid:
Stocks, bonds, fixed-return investments
like utilities, REITs, residential real estate, ARMS (adjustable rate mortgages).
Investment winners in bull markets:
Gold, silver, copper and other
base metals, uranium. The most powerful, completely
essential factor affecting gold is monetary inflation. The most
compelling force affecting silver today
is the supply/demand equation."
-Marketwatch, 8-24-06
DR. DAVID DAVIS, Senior Gold Analyst --
Credit Suisse
Standard Securities
"Between 2007 and 2010, supply-and-demand
dynamics will undergo irreversible
change, caused by a decline in global
mine and official sector supply and increased demand from
and the investment community. We still see a gold price
of $700/oz, $800/oz and $1,200/oz by 2008, 2010, and 2015
respectively." -Resource Investor, 8-4-06
ROBERT KIYOSAKI,
Author -- Rich Dad
"I still think gold will go to $1,500
an ounce. I'm betting against the
U.S. dollar. Gold is a hedge against
U.S.government mismanagement. My
family members have a tradition
of saving all their spare change for months on end
and then trading all the coins in for a single gold coin." -
Post, 6/20/06
STEPHEN LEEB,
Author --
The Coming Economic Collapse
"Gold took a hit last week, falling 5.7%.
As with other commodities, gold
was perhaps due for a correction and
responded to Bernanke’s tougher words. We could see it drift a
little lower ?between $580 and $600.
But this downside is paltry compared
to the upside potential for gold. Gold could
reach a price many times higher than its at today, regardless of
whether inflation or deflation becomes
the problem. So we remain buyers
of gold along with energy and our low-risk
hedges." The Complete Investor, 6-12-06
HARRY SCHULTZ,
International Harry Schultz Letter
"My view has always been: current governments
(which are bank-owned) won't voluntarily
return to a gold standard, with
its discipline on money creation. But, when the price roars to,
say $1,600, they'll quite possibly be
forced to do so, to appease a clamor
for sound money - e.g. Bretton Woods II. The price
could go to $2,000 while they debate new rules.
Washingtoninsiders would see it
as their last chance to save the US dollar
as a reserve currency. If they don't, the euro, yen or yuan could
make a bid for that status ... If no rules
are made at $1,600, gold could
keep climbing till they do. Hello $3,000." -
Marketwatch, 6-5-06
PAUL MYLCHREEST,
Analyst -- Cheuvreux Investment
"We also see the possibility of a spike
to $2,000 or higher, if the story
on diminished central bank gold reserves becomes
widely accepted, if central banks in countries with large US
dollar holdings compete to buy gold and
diversify forex reserves away from
dollars, and if the
U.S. economy slides into either
high rates of inflation or deflation." -Mineweb, 2-6-06.
JIM CRAMER,
Founder -- thestreet.com,
Host -- Mad
Money
"Gold could reach $1,000 if the Chinese
stop buying our paper. Once the
levee to the Treasuries breaks, the easy high
ground worth gaining will be gold. Any portfolio designed to
counter government-mandated inflation
has to be bedrocked in gold" -New Yorkmagazine, Oct. 10,
2005
JAMES TURK,
Founder -- Goldmoney.com
"Gold is going much higher, and the $8,000
[per ounce] I mentioned a couple
of years ago is probably as good a target
as any. There are two aspects to what's driving the gold price:
First, there is strong physical demand
around the world. When gold crossed
the $500-an-ounce level, people started
buying gold in anticipation of monetary problems. Second,
the physical demand for gold is causing a huge problem for
the gold shorts. There has been a large
gold carry trade in place. It is
very possible gold could have a massive spike in thenext
six to 12 months to as high as $2,000, driven by these
factors." "GOLD MINE" -Barrons, 5/29/06
JIM ROGERS,
Author/Adventurer -- Hot Commodities
(former George Soros partner)
"Mr. Rogers, who foresaw the start of
a commodity rally in 1999, told
Bloomberg the boom in energy and raw material
prices will endure, driving gold to a record $1,000 an ounce.
The shortest bull market for commodities
lasted 15 years, the longest 23
years, so if history is any guide, they've got a long
way to go. This is not a bubble." –Bloomberg, 4-19-06.
RICHARD RUSSELL,
Editor -- Dow Theory Letters
"Gold is now being accepted as the fourth
currency along with the dollar,
the euro and the yen. But there is a difference.
Gold is also being recognized as the tangible currency and the
ONLY SAFE currency. That gold pays no
interest -- but is still at an
25-year high in terms of dollars -- is a testament to its value
and safety in the eyes of sophisticated investors." -
Dowtheoryletters.com
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JOHN HATHAWAY,
Portfolio Manager -- Tocqueville Gold Fund
"Gold is in a bull-market trend, and there
are a lot of reasons for that,
and we will see higher prices. People shouldn't be
surprised to see gold trade in the four digits." -Barrons ... "In
truth, the price of gold at $600 is no
big deal. In 1980 dollars, it is
only $300. If prior highs mean anything, a target of $1700 in
today’s dollars is what investors should be thinking about.
Investors should worry less about whether this particular
moment is a good or bad entry point and
ponder the implications of sailing
through uncharted waters without a
lifeboat." ?Tocqueville.com
MARC FABER,
Author -- Tomorrow's Gold
"A vicious drop in the Dow coupled with
a vicious rise in gold, possibly
pushing gold to an astounding $2,000, $3,000 or even
$6,000. Commodities are an asset class for the first time in
history." -Marketwatch.com
BILL BONNER,
Author/Editor -- Daily Reckoning
"When the price of gold goes over $1,000,
the bull market will be in its
bubble phase. The price may go far higher -
depending on what else is going on in the economy and the
markets. But this will be a time to be careful...when we stop
adding to our positions and begin to reduce
them. Gold is now cheap and almost
hidden. People are buying it for the
right reason: because it is cheap. We see signs, though, that
gold is coming out of the closet and the
financial press is beginning to
notice." -Dailyreckoning.com
CRAIG R. SMITH,
Author/CEO -- Swiss
America
"Gold is clearly headed toward $1,000/oz.
and is still a great bargain near
$700/oz! Gold recently jumped over $700, and is
overdue for a price correction -- which is the sure sign of a
healthy bull market -- offering yet another
opportunity to buy the dips in
this ongoing secular bull market."
-CNBC Squawk
Box
Lord WILLIAM REES-MOGG,
Author & Economist
"I expect gold to reach $1,000 an ounce
in the foreseeable future. The
price of gold is linked to the price of oil and to the
movements of the dollar... oil is probably headed towards
$100 a barrel. If there is any shooting in
Iran,
prices will go through the roof.
That, however, is one reason for thinking
that there may not be any attack on
Iran.
The world’s oil supply cannot afford
it." –MoneyWeek
ROBERT MCEWEN,
CEO -- U.S. Gold Corp.
"Gold prices may reach $2,000 an ounce
by 2010 on demand for an alternative
to currencies. You have much more money
than there is gold, and as people see their currencies falling
relative to gold, they're going to be
saying `Maybe I should have some
of this'." –Bloomberg
PHILLIP GOTTHEFF,
President/Commodities
Analyst -- Equidex Inc.
"The gold market knows inflation is already
here ... which helps explain the
hysterical surge in prices in 2006... ETFs
have expanded the metals market to now include institutional
investors... With Goldman Saks forecasting
$100+ oil I think we could see
$1,000-1,500 gold easily... Why hoard? Because
investors are afraid of paper. If we were to try to monetize
our paper with gold the price would be
in the $10,000/oz. -$20,000/oz.
range." -CNBC "$1,000 gold debate" 5-9-06
JOHN PERSON,
President, National Futures Advisory
Service
"As more and more investors start allocating
more resources in gold, we could
see $800 and as high as $1,000 by year's end.
All the elements are in place for such a move, and it would not
be unrealistic to achieve in a relatively
short period of time." -Marketwatch.com
KEVIN KERR,
Commentator /Author --
Marketwatch.com
"Golden
Opportunity: The case for $1,000 an ounce... If your
thing is to hold the actual gold in your hand then numismatics
(coins) or bullion are the way to go."
-Marketwatch.com
JOHN EMBRY,
Chief Investment Strategist --
Sprott Asset Management
"Gold will hit at least $800 per ounce
as paper money is going to hell
in a handcart. Even a $1,000/oz gold price may be
conservative." -MineWeb.com
PIERRE LASSONDE,
President -- Newmont Mining
Corp.
"The price of bullion may exceed $1,000
(U.S.)
an ounce within five to seven years
as demand growth driven by
Asiaoutstrips global supply." –Globeandmail.com
BILL MURPHY ,
Founder --
GATA , Lemetropolecafe.com
"What we are seeing is the result of years
and years of a gold price suppression
scheme BLOWING UP! Gold is moving
up because the crooks have lost control! GOLD is going to go
to $3,000/oz as more geopolitical problems
arise." - GoldRush21
ROSS NORMAN,
Analyst --TheBullionDesk.com
"Yes, I do think we will be in the $700s
perhaps late in the second quarter,
or perhaps the third quarter of 2006 - the
market seems incredibly robust both in terms of external
factors like the correlation with the oil market that we’re still
underperforming against - if the ratio
held with that we’d be at about
$1,000 an ounce now. I think it’s gaining strength
J. TAYLOR --
J. Taylor's Gold and Technology Stocks
"This is a different gold bull market
and most bullish of all is that
fact that this is still a stealth bull market. The voice of the
global market is just starting to express a declining confidence
in the dollar but with a coverage of only
1.7% [in
U.S.
gold reserves] at close to $700/oz.,
I believe we are still in the very
early stages of a major gold bull market. We have a long, long
ways to go toward $3,000 and beyond."
-Howestreet.com
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