WSJ: Everyone Is Piling Into Gold Any Way They Can
By GCRU Gold News on Friday, February 26 2016, 00:15 - Permalink
Harry S. Dent Jr., an economic who publishes an investing newsletter, said gold’s surge suggests the possibility of a 13 percent gain from today’s levels to $1,400 an ounce by April – at which point people should start dumping the metal.
“The strength of the first wave up from $1,050 to $1,255 suggests a higher target than I’d originally eyed, more like $1,400 instead of $1,300, likely into around early April,” he writes. “If this occurs, it will be the last chance to sell gold and silver at more reasonable prices. I still expect gold to fall to as low as $700 by early to mid-2017.”