Gold Projection: Price Collapse to $250 an Ounce

The contrarian recommendation for gold since 2001 through today has been to buy. As capital was pumped into the economy via easy credit, the price of gold, stocks, real estate and most other assets rose significantly. The rise in prices is a causal effect of increased...

THE LONG TERM

In the short term, gold bugs are in pain. The last 3 weeks have seen a pull back to the Dec. 22 low of $1,075 and have created a lot of short term anxiety. We have two possibilities. Either gold will continue down to the $1,000 support level, or it has already made...