Coincidence or What? Plus Gold Price DirectionOn December 20th, at 12:29 PM, I released an article titled, “Global Monetary System Must Get Back to Reality” with an opening phrase, Alice in Wonderland Adventures”.
Later that day, Stephen Leeb, a well-known writer and contributor to King World News, wrote an article titled, “Get ready for a trip down the rabbit hole of market madness and $7,000 gold with a caption picture of Alice falling down the rabbit hole. In our respective article, we basically discuss the same issues, and our thoughts seem to blend, it’s kinda eerie…
Is this coincidence or what?
Within the last month, I received a question from Stockhouse regular, Giselle Kronk, and she asked, “Where do I get some of my insights from?” In my response I said, “That I’ve worked a lifetime in the mining industry and I read a lot.” I mentioned that I share similar insights with Dr. Stephen Leeb and I provided her with the source reference article.
I must reiterate that I respect Stephen because of his vast knowledge of macro-economic trends and current market conditions and his explanation of China’s plans to launch a new monetary system centered on gold, which will largely supplant the global dollar-based monetary system.
By the way, Dr. Stephen Leeb is Chairman & Chief Investment Officer of Leeb Capital Management located in New York City. Stephen is the author of nine books on investing and geopolitical trends.
I consider myself to be a conservative writer but Stephen has a reputation to be a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years.
Moreover, he was one of the first to predict that by far the biggest opportunity will be in gold, as China’s rise precipitates an unprecedented bull market that will propel gold’s price to at least $5,000–and possibly up to $15,000–an ounce.
And someone in the last few days asked me about the big disconnect with Kitco saying gold will drop to $1,500 and other analysts predicting that gold is going to $2,500 - $3,000 … That’s quite a range in predictions by the so called experts.
To all Gold investors, we are indeed living in interesting times and hopefully we will return to a free and open world market and to some semblance of normalcy.
What’s going on today borders on insanity…
Investors please note: My comments are always intended to be strictly informational and are NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own before considering any level of investing in stocks.