David Bensimon tells Kitco News by February 2013 we could see $1440 Gold. However, he does say if we all of a sudden go past $1800, we will be on the fast track to $2600 by 2014.
Bottom Line: As an investor who manages my portfolio, I have to make a call. My call is gold will hold the $1650 level, give or take $20. I could be wrong and if there is a major sell off in the markets, gold should hold $1522.
Recently, I blogged about gold drifting to the $1690-$1720 range and possibly taking off from here. So far so good.
As my subscribers know,the majority of my portfolio is invested in the gold and silver sector. By 2015, we should take a run at $3000-$5000 and this is where we could get a bigger correction in gold similar to 1974-1976.
Time will tell who is right and as my wealthy 80 Year Old Trader friend keeps telling me, don't try and outsmart gold, it will fool you every time.
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