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Thursday, August 22, 2013

Eric Pomboy (Meridian Macro Research): Gold $3500 in 2016?

As titled in King World News: Here’s Why There Is A War In Gold Near The Key $1,370 Level

Here is a snip Eric Pomboy's outlook for gold as noted in KWN:

When looking at the full breadth of gold’s rally from the 2008 low to the 2011 peak at $1900, we see a similar +260% move. The extended chart below shows what we may see going forward and, if past is prologue, sometime in 2016 gold could reach roughly $3500/oz.

Bottom Line: I remain a long term bull on gold and I am long gold stocks. Gold juniors are starting to move and the next 4-6 weeks should be kind to the gold and silver sector.


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/21_Heres_Why_There_Is_A_War_In_Gold_Near_The_Key_%241%2C370_Level.html

Cheers,

Millionaire by 33

Subscribe to my Millionaire by 33 stock alert service and follow all stocks that I buy and sell. I will send you an email alert immediately after I buy or sell. Once you subscribe, I will also send you a list of stocks that I currently own. Subscription is $500 (US Dollars) per year. Happy Investing! Feel free to contact me anytime if you have any questions. contactme@millionaireby33.com

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