GOLD

JP Morgan … “Buy Gold”

UBS “Buy Gold” … “… Minimum Price $3300”

Bank of America & Goldman Sachs “Stay Long Gold Until $1375 … $1550 a possibility”

JP Morgan “Upcoming Recession Buy Gold”

Deutsche Bank: “It’s time to buy gold “Buying some gold as ‘insurance’ is warranted.”

Newton Advisors: Gold Now Targeting $1,450: Technician

 

Barrons: Ownership of physical gold outside of the financial system seems to make more sense than ever. “We believe that a trend reversal could prove explosive for the entire precious metals complex.”

 

Wall Street Journal: Market Watch: Gold: 400% – 500% in the next 5-7 Years

 

Most economists predict a figure in the $5000-$8000 range, but other estimates go far higher. A gold mania is not imminent, but I believe it is inevitable.”

 

“Therefore, I expect a fourfold to fivefold increase in the HUI within the next five to seven years, with a fifteen fold to twentyfold increase in the HUI within the next 20 years.”

 

 

Wall Street Journal: Why buying gold now could be a lot like buying stocks in 2009

 

·         Technical trading patterns suggest gold may finally be breaking out into a bull market.

·         Gold remains out of favor despite the recent rally.

·         The Federal Reserve’s ability to raise interest rates is constrained.

·         The overpriced U.S. dollar has limited room to run.

·         Real interest rates are heading lower around the world as central banks get creative.

·         Physical gold may be difficult to acquire in the coming years.

 

 

World’s Largest Asset Manager Blackrock: “Perfect Time” For Gold

The world’s largest asset manager, Blackrock Inc., has written a note about gold in which it suggests that this is the “perfect time and place” for gold due to “low and even negative yields, slow growth and potential signs of rising inflation.”

 

“All told, this is a serious problem for yield starved investors. Ironically, one potential remedy is to take a second look at an asset class that provides no income: gold.”

 

“Gold has characteristics of both a commodity that is easily stored for a long period of time and a currency whose supply is limited.”

 

Gold has entered a new Bull Market: JPMorgan

“We’re recommending our clients to position for a new and very long bull market for gold,” JPMorgan Private Bank’s Solita Marcelli said Tuesday on CNBC’s “Futures Now

“Central Banks may consider diversifying their reserves [as they anticipate] negative rates on existing holdings,” said Marcelli, when discussing the commodity as safe-haven trade. “Gold is a great portfolio hedge in an environment where the world government bonds are yielding at historically low levels.”

 

Gold Prices Should Rise Above $1,900/oz -“Get In Now!”

 “This is an ideal opportunity for those who have not gotten in.” Ultimately, Boockvar believes that the 2011 highs of around $1,900 for gold are not only reachable, but surpass able, as he reasoned that bull markets historically exceed the previous bull market peak at some point.

 

Gold prices are likely to rise above $1,900/oz in the next phase of the bull market and investors should “get in now,” Chief Market Analyst of the Lindsey Group, Peter Boockvar told CNBC’s “Futures Now” yesterday.

 

Chief Economist IMF: Buy Gold As “Extremely Low-Risk Asset” – Rogoff Advice To Creditor Nations

Rogoff was the chief economist of the International Monetary Fund from 2001 to 2003 and is the Professor of Economics and Public Policy at Harvard University.

““Moreover, there is a case to be made that gold is an extremely low-risk asset … because gold is a highly liquid asset – a key criterion for a reserve asset – central banks can afford to look past its short-term volatility to longer-run average returns.”

CNBC: Gold at ‘critical juncture’ and set to go higher: Trader

 

… it’s just a screaming buy …”

“Gold is reflecting the Fed’s complacency here going into these summer months. I don’t see a Fed rate hike,” he said Friday on CNBC’s “Power Lunch.” “That should put a top on the dollar and push gold higher.

“If it can hold that, then it will begin to rally and most importantly, if gold can break the $1,300 to the upside, it’s just a screaming buy …

 

 

Hold your real assets outside of the system in a private, non-government controlled facility

These are, in fact, the good old days, a time when gold is comparatively cheap.

 

“We shall therefore see a gold mania. Most economists predict a figure in the $5000-$8000 range, but other estimates go far higher. A gold mania is not imminent, but I believe it is inevitable.

Gold Could Surge to $8,000/oz. On Negative Interest Rates – Lassonde

 

“Gold prices are heading higher, much higher and he is “very sure” that the five-year bear market for gold is over and we are at the beginning of a new bull market, the gold insider told leading Canadian business channel, BNN.”

“In 1980 gold was at US$800 and the Dow was at 800; in 1934 gold was US$36 and the Dow was at 37 – where is the Dow today?” he asks BNN’s Catherine Murray. “Do I know it’s going to go back to 1:1 – I don’t know… even if it gets to 2:1, that’s US$8,000.

 

 

“We’re Nearing the End” David Stockman Warns, Retail Investors Are “Heading For The Slaughter”

“…I think gold will soar in value.”

 

ON GOLD “I think it’s more of an insurance policy and an option on the ultimate failure of today’s form of central banking. When, finally, the Keynesians, who are running all the central banks, when they are totally repudiated, I think gold will soar in value.”

 

The End of Plan A: The Big Reset & $8000 Gold

 

“It always ends in inflation… certainly in 2016, we can expect more QE… and when that does not defeat deflation (driven by global over-indebtedness), further unorthodox measures will be taken (helicopter money).. and eventually a gold revaluation.”

“By revaluing gold to a much higher level, to over $8000 an ounce, central bankers solve quite a lot of problems”

Continued Financial Market Deterioration Impacts Gold Eagle Sales In A Big Way

“When the world starts dumping U.S. Treasuries and Dollars, investors better make sure they have already own physical gold and silver.”

“Last year, total Gold Eagle sales for April equaled 29,500 oz.  However, in just the first three weeks of April this year, Gold Eagle sales have reached 87,500.  This is three times last year’s figures and we still have another week remaining in the month.”

“The U.S. Mint’s Gold Eagle (JAN-APR) sales are 90% higher at 333,000 oz compared to the same period last year of 175,500 oz.  If demand for Gold Eagles continues to remain strong for the remainder of the year, we could see total sales exceed 1 million oz.  This figure hasn’t been seen since 2011 when total Gold Eagle sales reached 1 million oz.”

The financial system is sitting on the edge of a cliff and an increasing number of investors are beginning to realize it.  I hear more and more evidence from contacts in the financial and precious metal industry that the U.S. banking industry and Dollar are in serious trouble.