E.D. Hart

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  • Why Oil and Gold Are Headed Much Higher
    The authors comment, citing an analyst that gold would be $2200 inflation adjusted is based on published reported Government inflation data.
    Real inflation over the last 25 years is likely 2-3 times higher, based on shadowstats.com, and global monetary growth.

    Thus, by my back of the envelope calculations, gold has quite a bit of catch up to do, and in real inflation terms, (not bogus government data) the price should be headed to north of $3500 per ounce.

    Moreover, gold is perhaps the single most manipulated commodity by governments worldwide.

    It is always in the interests of the gov. to encourage gold leasing, gold paper contracts short sales, and falsifying government reserve holdings.
    Considerable evidence has been published to show this is exactly what is happening.

    As the world comes to a new era of the unwinding of the great credit bubble of 1983 to 2008--metals and commodities will be primary beneficiaries.

    In the short term, (two years) gold and other commodities may fall another 20%--but the bull market is intact for commodities, and gold.

    Full disclosure: I don't own a concrete bunker, nor so I stockpile bottled water, ammunition, and old Soldiers of Fortune magazines.
    Oct 19 23:33 pm |Rating: 0 0 |Link to Comment |View article

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