No way this guy is right...is there? Gold to fall to $700 an o-zee...
22.45px Georgia, Times, "Times New Roman", serif; margin: 11px 0px 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-size-adjust: none; font-stretch: normal; background-color: rgb(255, 255, 255); -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> For the bulls, gold's recent drop is nothing more than a temporary setback on its inexorable march toward $2,000 and beyond. The case for gold rests primarily on factors familiar to anyone who's even remotely familiar with the metal: easy money from central banks around the world and rising demand from emerging economies, notably China and India.
/www.amazon.com/Gold-Bubble-Profiting-Impending-Collapse/dp/1118239350" style="color: rgb(0, 87, 144); text-decoration: none;">Gold Bubble: Profiting from Gold's Impending Collapse.
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/finance.yahoo.com/q?s=gdx&ql=1" style="color: rgb(0, 87, 144); text-decoration: none;">GDX) is down 20% while the Gold ETF (
GLD) is essentially flat.
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"If we have a recession or slowing global growth then all assets fall -- it's a deflationary period," Jacobs says. "Even though a lot of people are expecting inflation, if we enter recession that means the price of assets falls. Gold will fall together with the rest of commodities."