Sir Alan’s $100,000 Speaking Fee Cost Global Trade
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the food, utility and energy sectors.
We see gold and silver rising to new record highs before a major selling event throughout most markets arriving in April and May. In light of these market disturbances, we have raised our spring gold forecast from $960 to $1,050. This fall, gold could touch $1,125 to $1,250 on peak prices.
Silver for spring 2008 is now raised from $17.70 to $19.85 and possibly $20.85-$21.85 before the selling cycle at the end of March. We are now raising our December 2008 silver forecast from $25.50 to $30.00 an ounce. With Europe and Asia going in the tank after the Olympics and the U.S. November elections, open fear could drive precious metals even higher than what we suggest. That is new territory and nobody knows what could happen in late November headed into 2009. We’ll say this; the fallout will not be pretty. Our new president being sworn-in next January may wish the voters had picked someone else.
Most Not Watching Huge Food Increases
https://www.kitco.com/ind/Wiegand/feb282008.html