http://illuminatisilver.comhttp://facebook.com/illuminatisilverThe case for $600 Gold – unlikely but Interesting.
Today is Tuesday 25th July 2017 and we wish to share with you some information we received yesterday by email.
Of the many publications and articles we receive from pumpers and non-pumpers alike, one caught our eye yesterday. It was from a publication called goldeagle.com and the article was written by a Roxy Lewis.
Then he made a most interesting comment and we shall quote him exactly here:
“My best guess is, that in the next 3-15 months, we experience a 57% drop based on the 2007 drop in the stock market to 12,255 points or maybe much worse. Next, if we utilize the average DOW to Gold ratio over the past twenty years of 20:1, we COULD see a gold price of $612 dollars. The gold volatility rate is at new all-time lows, which means the gold market is less and less appealing to traders and investors. Sentiment is extremely low as gold has dropped 44% and has been moving sideways trading between $1200 and $1250 from 2013 to 2017.”.........“The simple truth is that Gold is not cheap at the $1220 price, historically speaking, but lies today within a normal range of $700 to $1300 price range! Don’t get me wrong, I am not saying to wait to buy until gold bottoms out at $700 or below because if it does you will find the shelves are bare. However, historically speaking gold prices are somewhat ABOVE average in price. One simply CANNOT state that Gold is CHEAP today! This being said, I can’t find anyone to agree with me other than Harry Dent and possibly P. Radomski who says the bottom is in and yet the price may go lower to our number. My belief is that the price is going lower but don’t wait to buy.”
o there we have it. Someone who believes that gold is the commodity to buy, but accepts that it’s not currently cheap, and that there is the possibility that it may languish for some years yet. Of course if you believe those who advocate that the FED wants to crash the dollar and blame President Trump, or that the debt clock is unsustainable, then these comments should be ignored. However our view is that the FED does not want to crash the dollar and that the debt clock can rise to $30 Trillion before the SHTF scenario is reached and therefore although we are not as pessimistic as Roxy’s figures, it is important for all of us to at least see and hear alternative viewpoints to the normal pumping arguments – after all, many thousands of people would today be much wealthier if they had listened to the bears on gold and silver back in 2011 and 2012.
Please view our recent videos:
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https://youtu.be/eobRS0Eud8wIMF announcement of lower UK and USA growth is positive for Gold and Silver prices.
https://youtu.be/MjJq2Ol0K6IGold and Silver Update – w/e 21st July 2017
https://youtu.be/syZjbsl1nxASessions will Go and Machiavelli is an amateur compared to Trump.
https://youtu.be/WIm0lYDAgQ0Gold and Silver Update – w/e 24th July 2017
https://youtu.be/xFio2LFfRjsWhy Gold and Silver Prices Have Further to Fall in 2017
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