Gotta like this analystIra Epstein of Linn & Assoc. said...
---no Brexit (according to the bookies) according to Epstein
---if I'm wrong (Ira Epstein) & UK votes to leave gold immediately climbs $50. & grinds toward $1400.
---If UK votes to stay you might get a fast $30-40 drop in the mkt. then you are caught with slow economies, no interest rate hikes from the US.
---gold has more going for it than against it.
---seen the bottom in gold period, & for gold to have to go under $1200. to change his thinking.
---gold is looking at the next 5-10 yrs. from a growth perspective & will march its way back up, because ultimately we are going to have inflation.
---the big breakdown in oil is over. @$50. oil some production has back on. Consumption won't decline. India & China will want oil & over time oil prices will add to to inflation gradually. ---gov'ts will realize that monetary policy (zero interest rates)in place now will not work.
carlos