RE:A "glorious" moment is coming....metalhead666 wrote: There will be a FED panic and it's not far off....when gold is let loose it's going to $3000
https://www.youtube.com/watch?v=RTrVie6-V4s
Did not bother to watch. Have seen that type of outlandish predictions continuously for the last 25 yrs. I suppose this is part of your new thesis. Gold to 5K, Gold to 10K...as mentioned before if gold hits that (and no new use for it has been found), I'd be prefer gold at 2K.
Richard Russell (RIP) forever said the DOW and GOLD would return to the same amount as it historically has done many times. He lived a very long life - and very interesting guy but certainly hope he was wrong about it. it seemed possible for a while but with the DOW at 33K and gold below 2K. the last time they were equal looks like 1980 but RR kept predicting it for another ~40 yrs.
"Russell gained wide recognition via a series of over 30 Dow Theory and technical articles that he wrote for Barron’s during the late-’50s through the ’90s. Through Barron’s and via word of mouth, he gained a wide following. Russell was the first (in 1960) to recommend gold stocks. He called the top of the 1949-’66 bull market. And almost to the day he called the bottom of the great 1972-’74 bear market, and the beginning of the great bull market which started in December 1974."
tC