WHY THE GOLD ‘MEGA BEARS’ ARE WRONG $GLD $GDX $GDXJ $SLV $AG
After the recent collapse in gold and silver, some mega bears are coming out of the woodwork. Several have targets that are scary for investors in gold, with them predicting a fall below $1000 for gold, with $800 appearing to be a favorite number. (I have seen targets as low as $400.) But these seem like extreme responses to a significant drop and in my opinion, may not be accurate takes on where gold is likely to end up. Before you read further, please understand that I am neither a gold bug nor a permabear on gold. My calls on