Re: David Bensimon January 2013 Predicts $2600 Gold by 2014
posted on
Nov 02, 2013 10:54AM
Ike, I don't know how Bensimon reaches is conclusions. As you know, he's concluded a $1,090 gold bottom on December 6 this year. But, he also doesn't see new highs until May 2016 (ouch!!). Gary Savage also sees the bottom sometime in December. But unlike Bensimon, Gary forecasts gold to begin its Bubble Phase beginning from that December low! Why the difference between the two predictions? Savage sees the US dollar headed down significantly next year. That coupled with his felling that the downward manipulation will cease or go long to the upside brings him to conclude next year will be great for Gold.