My predictionWhen earnings comes out, we are north of 85 cents and moving in the dollar range.
I still maintain my price target between 2-3$ if gold doesn't go wild. Otherwise who in the hell knows in this crazy insane money for free, 0 interest rate environment. So my initial price target could be low even if I may sound like I need medical treatment.
We'll get there. Patience my friends. Could be faster than you think....cash flows and earnings are based on 1600$ us......let's just say gold will be a multiple of that number.
For the young people, if you multiple x 10 the gold price in the late 70's, it started at 25$ (250$ was about the low in 2001-2002) and went to 180-200$ in the first wave or two (1920$ in 2010-11) , then a mad pullback to 100$ (1050$) and then from 1977 to 1980, wave 3, gold went nuts from100$ to 850$........so any price could go, but no reason 8500$ could be the ultimate high (with a dow to gold ration of 1).
My realistic target is between 3000$-5000$. Within possibly 2-3 years. But if money printing never stops, I see no high in gold. Why would there be! Gold and silver at these prices is cheaper than at 500$ IMHO. At least back then we had some fiscal sanity. Now it's kookoo land!
Cheers