AL:

I agree wholeheartedly … it is much easier for gold and silver to go from 30 bucks to 60 bucks then it is for gold to go from 1650 to 3300. However, the reverse is also true … it is much easier for silver to lgo from 30 bucks to 15 bucks then it is for gold to go from 1650 to 825. That said, I agree that there are far too many indicators in the world that tell us the former will occur long before the latter.

Thanks for the great interview.

Perhaps investing in NoDoz could be a plus to your portfolio. I had a friend who was an assayer that would buy pure USP Caffeine, then add it to his coffee in the morning.

Harry Dent is predicting a new high for the first half of the year but expects gold to crash again. I think he said 750 eventually in 2014. Excerpt of an email that just came in:
On January 31, Harry will release his video presentation: THE NEXT FINANCIAL MELTDOWN: Harry Dent’s Shocking Predictions for 2013.

He’ll provide details on:

• GOLD: Harry expects gold to hit new highs in the first half of 2013. But watch out after that! Wait till you see where it’s heading next…

• THE DOW: When will the Dow’s great crash to 6,000 (and ultimately 3,300) begin? And exactly what you can expect in 2013…

• BONDS: Will bond rates stay at historic lows or are they going to zoom higher? You’ll have to watch Harry’s forecast video to find out.

• REAL ESTATE: Is now the time to buy real estate? Not if you want to be upside down. Harry says, “The real estate market will decline another 30%, despite the lowest mortgage rates in 40 years.”

• INTEREST RATES: The Fed has promised to punish savers until at least mid-2015. So what are your “safe-money” options? It’s not what you likely think.

• CONSUMER SPENDING: One group of spenders is about to slam the breaks on their spending… a move that will cripple the economy. Harry will tell you who these people are and what you must do to protect yourself.

I think gold will have one more big pop up to new highs as hedge funds rush in and then demand should dry up and it falls hard and fast by maybe $500 or so as the hedge funds rush out to cash their profits. Highly risky times ahead.

Some more interesting forecasts from Harry Dent:
Dear Survive & Prosper Reader,

Everyone has been expecting gold to leap to new highs for months now, especially with new stimulus from the U.S. and Japan and more just starting to come from China (and likely Europe ).

But markets don’t like to please most investors. When you think they should go up, they tend to go down and visa-versa!

So now the number of people doubting gold is steadily increasing. And to me that means we’ll see gold spike soon.

But hang-on a minute. You may have heard that I’m calling for gold to plunge to $750 an ounce. If you have, you might be wondering right now, “What is this guy smoking?!?”

Let me clarify for you. I DO believe gold will ultimately meltdown to lows last seen around 2008. In fact, I wouldn’t be surprised if the price drops lower than that because that’s what bubbles do when they deflate. They drop down to pre-bubble levels, often lower.

But that’s my medium-term forecast for gold. I’m talking gold $750 around 2015.

First, I see gold catching investors off guard… again…

Gold hit an all-time high of $1,934 in early September 2011. Ever since then it’s been trading between $1,520 and $1,800.

That’s two years of essentially going nowhere.

What gives?

Well, there are two things that seem to drive gold at the moment. The first is purchases in India and China, which together make up 52% of demand for gold. Particularly India mostly uses this gold for jewelry.

But both economies have been slowing… so gold hasn’t had the fire beneath it to flourish.

The second thing gold responds to is potential financial crises and the typical reaction to print money. Europe’s last big surge of money printing was in late 2011 and early 2012. There’s been nothing since. And China pulled back on monetary stimulus in the last year to curb its extreme real estate bubble.

It has only been the U.S. that stepped back up strongly in mid- to late-2012 with QE3 and QE3 plus. Gold rallied on that move, but has since pulled back, especially as a few members of the Fed have started to question the ability to do QE indefinitely.

As it turns out, those are the two factors that will drive gold up in the months ahead. For starters, I expect we’ll see more money printing and stimulus from China soon. And more will follow from Europe, especially if the U.S. finally slows in the first quarter of this year as we anticipate.

Naturally, gold will welcome more stimulus with wide-open arms.

I also expect economic trends in China and India to be a bit stronger in the first half of this year… before a global downturn.

But, there’s another important reason I believe gold will surge ahead… before it rolls over. That is: everyone is now bearish on gold. More and more media articles are pronouncing it dead!

That is always a bullish sign.

And traders have been at their most bearish in years THREE times in recent months.

There’s a high chance gold will go to new highs in the next few months, where it will peak as global slowing returns and deflation in prices takes hold (at least into 2015 or so).

Don’t give up on gold yet, unless it breaks convincingly below $1,520.

And when we see a new high over $2,000, it’s time to start unloading the boat!

Harry

good interview. I agree overall that this should be the year to take out the previous high in Silver if it is going to happen, nobody can predict “black swan” events, but it won’t take many to put upward price pressure on the markets. One lingering concern is if the oversupply in the marketplace, according to CPM group will stall prices here to lower this year just on the fundamentals. Overall though, I feel good about silver and Palladium this year. More so on the Platinum/Palladium side, but all 3 metals are precious and industrial, so this gives them 2 different scenarios to uptake supply – investor and industry.

The problem with black swan events is that the Mainstreet Media plays a big part in not getting the event reported so it might have the negative impact to the market. Without media coverage the full impact cannot be felt.

At this time gold’s momentum is slightly down while silver’s momentum is hanging neutral. The next 2 weeks will be key. The gold stocks will have a little more pressure the next couple of weeks and then should bottom. I might add gold isn’t close to a bubble. Bubbles don’t act like this—-there’s one disconcerting chart which is the dow/gold chart. For the first time in months, the ratio has compromised the 200 week MA. This is probably not significant unless the 50 week MA compromises the 200 week MA and it’s not close yet. My intuition tells me the Dow is close to a top with the VIX at a low we haven’t seen in months—-the law of averages aren’t with a parabolic dow. Watch the bond market right now. It looks like it wants to break down in the short term technically. Palladium continues it’s strength. The dow in all likelihood has one more significant drop toward the 6000-8000 range before this secular bear market and the deleveraging cycle is over. Everybody is talking about the improving housing market but the case-shiller 100 year index chart is screaming one more leg down.