BCN 2.78% 3.7¢ beacon minerals limited

gold set for parabolic rise

  1. 4,287 Posts.
    Hi Folks this is from Siameseparrot on the gold thread(thank you Siameseparrot):

    "I suspect that gold is going to stage a parabolic rise from current levels shortly, a development that will come as a true shock to the many detractors of the world's only true money. This remains one of the best supply-demand imbalance stories I have ever encountered in my career and it will only be enhanced by the existence of massive short positions that will be nearly impossible to cover and myriad paper claims on gold that dwarf the available physical supply."

    From a must read article dated 24th. December, 2009 "Gold bull has many years, thousands of dollars to go" by John Embry, chief investment strategist at Sprott Asset Management at:

    http://www.sprott.com/Docs/InvestorsDigest/2009/12_24_2009%20Gold%20bull%20has%20many%20years,%20thousands%20of%20dollars%20to%20go.pdf

    May the streets be laiden with gold in 2010.
    PGamble
 
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