$3,000 Gold Price Forecast from Merrill Lynch/BOA

You have to be like Oscar Madison when he and Felix were at the track and Oscar was getting inside tips from a jockey ....did you see that episode ?....his racing buddies suspected Oscar was getting can't-lose horse tips and said whatever Oscar was betting they would too...Oscar feared they'd knock the odds down to worthless so he bet $20 on Tanglefoot while Felix put the Big $$$ down on "Rings 'N Things." Tanglefoot lost....Rings 'N Things won.....and Felix and Oscar cleaned up.

 

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But are they ????

 

Oddly, I had a conversation this evening with a guy that moves a lot of gold. I asked him exactly this question. He told me that he has no qualms at all buying large gold for himself. In fact he showed me a photo of a massive 75 gram Mexican coin he purchased this weekend…. But for selling he will only go as large as an eagle.

 

Gold to the fricken moon! Here's a video that tells the story, if you were around gold in the early 1970's then you know what the prices used to be like, I was only a teenager but I remember!

https://www.youtube.com/shorts/LMNhQUIfGFQ

 

It opens for me as a .pdf file!

 

RBC's latest comments:

 

Pop!

 

I looked this evening and found it odd that while gold crashed, silver had a significant rise. This wild ride makes no sense to this old man.

 

Totally different properties. Gold less prevalent on earth and has been a safe haven store of value for centuries. Hard to know why sometimes.
Silver has properties that have uses into the next electronic age. AI doesn’t happen without it.
The uncoupling has begun
Silver is spring loaded
Sell only if you must

 

I have a pretty clear picture of what news led gold to drop 3% today, and I can imagine how that news could be interpreted to boost silver by 3%.

I see now that gold has regained over 2%. Perhaps I won't look at the news before I try to go to sleep tonight.

 

Greater liquidity in gold and that's where the CBs, SWFs, and Big Boys play.

Nobody of size is in the silver market.

 

Gold on the cover of BARRON's this week:

https://www.barrons.com/articles/buy-gold-price-investing-portfolio-9f97260c?mod=past_editions

 

Isn't "appearing on a major periodical's cover" generally viewed as a sign that a bubble is approaching maximum inflation?

 

Yup...more so the popular magazines of the day like TIME.

BARRON'S is usually more correct if you go with the flow.