DAVID ROSENBERG, Economist, Merrill Lynch
"The current bull market for gold could last another five years, if certain
conditions are in place, and the metal's price could soar to an incredible
$1,500/oz. Investors should buy gold to beat the current period of stagflation."
, -Platts
, 4-11-07
JIM
SINCLAIR, Author, Chairman of Tan Range JS Mineset
"Gold has no agenda, no allegiance and functions as honest money in a
world of lies, corruption, overstatement and spin. $700 to $705 might
well be a place certain interests will try and block gold, but their only
hope is for momentary success. $761 is yanking at gold from the front
with great power. $887.50, a break above $1000 and $1650 are putting their
grip on the royal metal as well." JSmineset.com,
2-25-07
LOUISE
YAMADA, Managing Director -- Yamada Technical Research Advisors
"Gold is the purest play against the dollar. I see gold surpassing $730
in 2007 on its way to $3,000 within a decade. Gold is probably the most
straightforward investment to go with in this environment because of its
consistent inverse relationship to the dollar.Other countries are trying
to diversify their dollar holdings. They're buying gold and anything they
can to get out of the dollar." Bloomberg,
12/11/06
PHILIP
MANDUCA, Managing Director -- Titanium Capital Ltd.
"Gold is still by far the optimal choice for most investors to play. It's
been successful in '04, '05 and '06. Gold will be through $1,000 in the
next 18 months." -Bloomberg,
11-29-06
JULIAN
PHILLIPS, Analyst -- GoldForecaster.com
"We would not be surprised to see $1,000-plus gold from sometime in 2007
at the earliest to 2009 at the latest. Physical demand is now being added
to by the turnaround in hedge funds' change of heart to the upside. The
potential oil shortage and more-than-likely ruptures in the stability
of the global-money system when the dollar starts to suppurate." -Marketwatch,
11-3-06
DR.
CLIVE ROFFEY, Elliot Wave Theory Analyst/Publisher -- Gold Action
"I believe that the current correction is a more likely to be a minor
before a move to well above the previous $720 peak, probably above $800.
When the minor correction should occur leading to a wave five that will
eventually peak well above $1,000 before we hit the next major correction."
-321gold,
10-6-06.
HOWARD RUFF, Editor -- The Ruff Times
"Gold and silver are now early in a historic bull market that will dwarf
the 500-1700% profits we made in the '70s. Gold will hit at least $2,172
and $100 silver is inevitable. Investment vehicles to avoid: Stocks, bonds,
fixed-return investments like utilities, REITs, residential real estate,
ARMS (adjustable rate mortgages). Investment winners in bull markets:
Gold, silver, copper and other base metals, uranium. The most powerful,
completely essential factor affecting gold is monetary inflation. The
most compelling force affecting silver today is the supply/demand equation."
-Marketwatch,
8-24-06
DR.
DAVID DAVIS, Senior Gold Analyst -- Credit Suisse Standard Securities
"Between 2007 and 2010, supply-and-demand dynamics will undergo irreversible
change, caused by a decline in global mine and official sector supply
and increased demand from China and the investment community. We still
see a gold price of $700/oz, $800/oz and $1,200/oz by 2008, 2010, and
2015 respectively." -Resource
Investor, 8-4-06
ROBERT
KIYOSAKI, Author -- Rich Dad
"I still think gold will go to $1,500 an ounce. I'm betting against the
U.S. dollar. Gold is a hedge against U.S. government mismanagement. My
family members have a tradition of saving all their spare change for months
on end and then trading all the coins in for a single gold coin." -Washington
Post, 6/20/06
STEPHEN
LEEB, Author -- The Coming Economic Collapse
"Gold took a hit last week, falling 5.7%. As with other commodities, gold
was perhaps due for a correction and responded to Bernanke's tougher words.
We could see it drift a little lower -- between $580 and $600. But this
downside is paltry compared to the upside potential for gold. Gold could
reach a price many times higher than it's at today, regardless of whether
inflation or deflation becomes the problem. So we remain buyers of gold
along with energy and our low-risk hedges." The
Complete Investor -6-12-06
HARRY
SCHULTZ, Analyst -- International Harry Schultz Letter
"My view has always been: current governments (which are bank-owned) won't
voluntarily return to a gold standard, with its discipline on money creation.
But, when the price roars to, say $1,600, they'll quite possibly be forced
to do so, to appease a clamor for sound money - e.g. Bretton Woods II.
The price could go to $2,000 while they debate new rules. Washington insiders
would see it as their last chance to save the US dollar as a reserve currency.
If they don't, the euro, yen or yuan could make a bid for that status
... If no rules are made at $1,600, gold could keep climbing till they
do. Hello $3,000." -MW,
6-5-06
PAUL
MYLCHREEST, Analyst -- Cheuvreux Investment
"We also see the possibility of a spike to $2,000 or higher, if the story
on diminished central bank gold reserves becomes widely accepted, if central
banks in countries with large US dollar holdings compete to buy gold and
diversify forex reserves away from dollars, and if the U.S. economy slides
into either high rates of inflation or deflation." -Mineweb,
2-6-06.
JIM
CRAMER, Founder -- Thestreet.com, Host -- Mad Money, Real Money
"Gold could reach $1,000 if the Chinese stop buying our paper. Once the
levee to the Treasuries breaks, the easy high ground worth gaining will
be gold. Any portfolio designed to counter government-mandated inflation
has to be bedrocked in gold" -New
York magazine, Oct. 10, 2005
JAMES
TURK, Founder -- Goldmoney.com
"Gold is going much higher, and the $8,000 [per ounce] I mentioned a couple
of years ago is probably as good a target as any. There are two aspects
to what's driving the gold price: First, there is strong physical demand
around the world. When gold crossed the $500-an-ounce level, people started
buying gold in anticipation of monetary problems. Second, the physical
demand for gold is causing a huge problem for the gold shorts. There has
been a large gold carry trade in place. It is very possible gold could
have a massive spike in the next six to 12 months to as high as $2,000,
driven by these factors." "GOLD
MINE" -Barrons, 5/29/06
JIM
ROGERS, Author/Adventurer -- Hot Commodities (former George Soros
partner)
"Mr. Rogers, who foresaw the start of a commodity rally in 1999, told
Bloomberg
the boom in energy and raw material prices will endure, driving gold to
a record $1,000 an ounce. The shortest bull market for commodities lasted
15 years, the longest 23 years, so if history is any guide, they've got
a long way to go. This is not a bubble." -Bloomberg, 4-19-06
RICHARD
RUSSELL, Editor -- Dow Theory Letters
"Gold is now being accepted as the fourth currency along with the dollar,
the euro and the yen. But there is a difference. Gold is also being recognized
as the tangible currency and the ONLY SAFE currency. That gold pays no
interest -- but is still at an 25-year high in terms of dollars -- is
a testament to its value and safety in the eyes of sophisticated investors."
Dowtheoryletters.com
J.
TAYLOR, Editor -- J. Taylor's Gold and Technology Stocks
"This is a different gold bull market and most bullish of all is that
fact that this is still a stealth bull market. The voice of the global
market is just starting to express a declining confidence in the dollar
but with a coverage of only 1.7% [in U.S. gold reserves] at close to $700/oz.,
I believe we are still in the very early stages of a major gold bull market.
We have a long, long ways to go toward $3,000 and beyond." -Howestreet.com
JOHN
HATHAWAY, Portfolio Manager -- Tocqueville Gold Fund
"Gold is in a bull-market trend, and there are a lot of reasons for that,
and we will see higher prices. People shouldn't be surprised to see gold
trade in the four digits." -Barrons
... "In truth, the price of gold at $600 is no big deal. In 1980 dollars,
it is only $300. If prior highs mean anything, a target of $1700 in today’s
dollars is what investors should be thinking about. Investors should worry
less about whether this particular moment is a good or bad entry point
and ponder the implications of sailing through uncharted waters without
a lifeboat." -Tocqueville.com
MARC
FABER, Author -- Tommorrow's Gold
"A vicious drop in the Dow coupled with a vicious rise in gold, possibly
pushing gold to an astounding $2,000, $3,000 or even $6,000.
Commodities are an asset class for the first time in history." Marketwatch.com
BILL
BONNER, Author/Editor -- Daily Reckoning
"When the price of gold goes over $1,000, the bull market will be in its
bubble phase. The price may go far higher - depending on what else is
going on in the economy and the markets. But this will be a time to be
careful...when we stop adding to our positions and begin to reduce them.
Gold is now cheap and almost hidden. People are buying it for the right
reason: because it is cheap. We see signs, though, that gold is coming
out of the closet and the financial press is beginning to notice." Dailyreckoning.com
CRAIG
R. SMITH, Author/CEO -- Swiss America
"Gold is clearly headed toward $1,000/oz. and is still a great bargain
near $700/oz! Gold recently jumped over $700, and is overdue for a price
correction -- which is the sure sign of a healthy bull market -- offering
yet another opportunity to buy the dips in this ongoing secular bull market."
-CNBC
Squawk Box
Lord
WILLIAM REES-MOGG, Author & Economist
"I expect gold to reach $1,000 an ounce in the foreseeable future. The
price of gold is linked to the price of oil and to the movements of the
dollar... oil is probably headed towards $100 a barrel. If there is any
shooting in Iran, prices will go through the roof. That, however, is one
reason for thinking that there may not be any attack on Iran. The world’s
oil supply cannot afford it." -Money
Week
ROBERT
MCEWEN, CEO -- U.S. Gold Corp.
"Gold prices may reach $2,000 an ounce by 2010 on demand for an alternative
to currencies. You have much more money than there is gold, and as people
see their currencies falling relative to gold, they're going to be saying
`Maybe I should have some of this'." -Bloomberg
PHILLIP
GOTTHEFF, President/Commodities Analyst -- Equidex Inc.
"The gold market knows inflation is already here ... which helps explain
the hysterical surge in prices in 2006... ETFs have expanded the metals
market to now include institutional investors... With Goldman Saks forecasting
$100+ oil I think we could see $1,000-1,500 gold easily... Why hoard?
Because investors are afraid of paper. If we were to try to monetize our
paper with gold the price would be in the $10,000/oz. - $20,000/oz. range."
-CNBC
"$1,000 gold debate" 5-9-06
JOHN
PERSON, President -- National Futures Advisory Services
"As more and more investors start allocating more resources in gold, we
could see $800 and as high as $1,000 by year's end. All the elements are
in place for such a move, and it would not be unrealistic to achieve in
a relatively short period of time." -Marketwatch.com
KEVIN
KERR, Commentator/Author -- Marketwatch.com
"Golden Opportunity: The case for $1,000 an ounce... If your thing is
to hold the actual gold in your hand then numismatics (coins) or bullion
are the way to go." -Marketwatch.com
JOHN
EMBRY, Chief Investment Strategist -- Sprott Asset Management
"Gold will hit at least $800 per ounce as paper money is going to hell
in a handcart. Even a $1,000/oz gold price may be conservative." -MineWeb.com
PIERRE
LASSONDE, President -- Newmont Mining Corp.
"The price of bullion may exceed $1,000 (U.S.) an ounce within five to
seven years as demand growth driven by Asia outstrips global supply."
Globeandmail
BILL
MURPHY, Founder -- GATA.org, Lemetropolecafe.com
"What we are seeing is the result of years and years of a gold price suppression
scheme BLOWING UP! Gold is moving up because the crooks have lost control!
GOLD is going to go to $3,000/oz as more geopolitical problems arise."
-GoldRush21
ROSS
NORMAN, TheBullionDesk.com
"Yes, I do think we will be in the $700s perhaps late in the second quarter,
or perhaps the third quarter of 2006 - the market seems incredibly robust
both in terms of external factors like the correlation with the oil market
that we’re still underperforming against - if the ratio held with that
we’d be at about $1,000 an ounce now. I think it’s gaining strength from
the ETFs and more corporate and pension money coming into the market on
a regular day by day basis - all this conspires to make one believe that
the market has got plenty of strength, that it’s “stronger for longer”
as they say." -Thebulliondesk.com
ADAM
HAMILTON, CPA -- Zeal Intelligence
"If our current gold rally truly unfolds into a Great Gold Rally, $1000
gold is merely the first stage. A gold bubble, which will probably ultimately
happen as a way to climax the coming gold mania maybe five to seven years
out, could easily launch gold above $5000 per ounce. The actual top of
a new gold bubble at the final pinnacle of another Great Gold Rally could
touch $6000+ per ounce!" -Zeallc.com
EMANUEL
BALARIE, Senior Market Strategist -- Wisdom Financial
"I think gold prices will eventually shatter even my own bullish expectations
of $1,000/oz. If you have not entered the gold market, waiting for an
opportune time might be too late. Keep in mind that regardless of what
the media is telling you, gold is still cheap at these levels." -CNBC
Squawk on the Street
NICK
MOORE, Chief Metal Analyst -- ABN Amro
"$1 000 gold is by no means an outrageous forecast. It's a cocktail of
positive stimuli for gold, you get the spillover of people buying into
commodities, whether its copper, aluminum, soft commodities or precious
metals. People are moving there." - Fin24.com
PAUL
VAN EEDEN, Managing Partner -- Cranberry Capital LLC
"While my model indicates gold should be fairly valued at $900, there's
no reason to believe that gold wouldn't dramatically overshoot that mark.
And if 1979 to 1980 is anything to go by, it could exceed several thousand
dollars per ounce." -Bloomberg
JON
NADLER, Investment Products Analyst -- Kitco
"Gold prices actually started their life at $35 per ounce in the early
1970s. From there, it went to $850-$875 -- a twenty-five-times-over move.
Gold began its latest move up at $252, so prices at $6,250 can't be ruled
out either, in terms of magnitude of the move." -Marketwatch.com