and usually right.
But his gold to $2500 in a few years, I think is very conservative
and understated by a lot.
From
'Debt Endgame And Gold Bull Era'
https://news.goldseek.com/GoldSeek/1491326419.php
"20. India’s government is lead by a Napoleon-like figure, Narendra Modi.
He will come under immense pressure to cut the gold import duty
as the
rupee mauls the dollar, and the trade
(? US ?) deficit becomes the surplus I have
predicted. My statement that “All lights are green for gold!” may go down
as the 2017 understatement of the year.
21. A cut in the duty combined with the rise of the rupee should push Indian
demand towards the 150 – 200 tons a month marker, powering gold towards
the
$1900 area highs in the next few years.
I expect the US debt crisis to
enter its “endgame” stage just as that happens. That should create a short
term parabolic price blast above $1900, to about $2500.
22.
I’ll talk more about that $2500 target price in the weeks ahead.(me- that
will be greatly expanded upon if paper currencies are reset to gold metal's
price) As demand rises relentlessly both in the West and the East, there’s
more great news for gold stock enthusiasts, which is this: Mine supply appears
to be near a
peak! “2016 marks the third consecutive year of falling year-on-year
growth rates and we maintain our near term forecast for
mine supply to
decline in both 2017 and 2018”. – GFMS Gold Survey 2017.
23. Against this background,
gold stocks and silver stocks are poised for a
truly spectacular year in 2017, and even more so in 2018. The price action
so far is likely
just a taste of the coming upside fun."