2012 - Gold will level at $1200/ozIn 1953 Clyde Davis got directly involved in the "metals" business throughout the world as the Chief Technician, Atomic Energy Commission. He had many airplanes to map out the "hot spots" for these metals. The best state to do mining in the 1950s was ARIZONA. So he moved his family to Tucson.
Thanks to Dr. Tom Henrie, Deputy Director, US Bureau of Mines and Clyde Davis, Director of Mineral Development, BYU, in 1971 the control of the price of gold was lifted by the US Government, thanks to what was developed at the BYU (invisible gold recovery process). Just how powerful is the US Government when it comes to the price of gold? Everything.
With the victory over Fitzgerald/Ranspot (1989 litigation against Barrick Goldstrike), the BYU took over control of the price of gold, directly controlling it through their 'STOCK' position with ABX.
Thanks to Steve and Clyde Davis and Blanchard Coin, the US Government forced ABX to remove the BYU control on the price of gold. I know key people in the US government. They all trusted Clyde Davis. They all respect what I am doing against Fitzgerald/Ranspot. Victory is coming in 2012. When this happens the US government will remove any and all controls the BYU and ABX has for the price of gold. It will level off less than $1300/oz.
US experts agree.
"We warned you that gold falls when the dollar rises-- and you might have noticed the dollar rising as the euro falls-- along with European soverign bonds and European bonk stocks. Gold you see trades in an inverse relationship to the dollar about 70% of the time......gold follower, Stephen Leeb, in a special sell recommendation just issued to his followers, is of the opinion gold could correct back to $1300 an ounce. That would be a $600 an ounce correction from $1920-- almost a 33% reversal. And very possible if the huge buying by the Chinese on every dip this year is put on hold in order to find a bottom. There won't be a bottom as long as the dollar is rising in value and the euro is falling. There won't be a rise in gold if there is no effective solution of Europe's debt quandry-- which I seriously doubt.
(Yahoo article: gold falls off cliff margin calls cream speculators - 211556157)