Friday, August 12, 2011

Bob Chapman- Gold to $2,000-$2,200 by the End of August

Bob Chapman on the Sovereign Economist 8/11/11:
JPM's $2,500 gold call is an attempt to stop the movement of gold upwards towards $2,500...
We are going to $2,000/oz maybe even $2,200/oz by the end of the month, and if that happens, we are probably looking at $3,000/oz by the end of February.

If we see $3,000 gold by the end of February, The Doc's $70 silver call by the end of 2011 will be humorously low.