CNBC: Gold Has Peaked, Won't See $2,000/oz

Do you trust CNBC, or Jim Sinclair and Alf Fields on the future of gold?

Cold On Gold , Gold Goes Cold

I don’t think gold breaks $2,000 an ounce. I think gold has basically peaked and is now a bit overvalued. My prediction is that people will buy more stocks than gold. I’m optimistic about the stock market, so I would not be a gold buyer.
- Larry Kudlow

A cessation of quantitive easing could open up the black hole of Calcutta for the general equities markets in a way that very few really understand.  You could see thousands of points taken off that market in a very short period of time.

The only way to overcome that would be by whatever name you called it to start the QE again.  That would be indicative of a total loss of control.  So the question is what would the price of gold be if it became publicly undeniable that control of the economic functions for the believers no longer resided in Federal Reserves and central banks? 

The answer is gold would do what it historically attempts to do and that is to balance the balance sheet of the United States of America’s external foreign debt...and when we do the calculations we come up with a figure that is in excess of $12,500.
-Jim Sinclair

Kudlow's prediction for 2012 is prominently displayed on CNBC here