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XMFSinchiruna (27.58)

Why Gold Will Surpass $2,250 per Ounce

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July 27, 2012 – Comments (15) | RELATED TICKERS: GG , ABX , PPP

I've raised my official price target for gold, and expect to raise it further after the next round of global monetary easing unfolds.

http://www.fool.com/investing/general/2012/07/26/why-gold-will-surpass-2250-per-ounce.aspx

I happen to think gold is quite likely to strike $3,000 or beyond before this secular bull market is through, but in the emerging dynamics of supply and demand, I see elements falling into place that could force a fairly accelerated re-pricing toward that $2,250 mark.

Accordingly, after holding my target steady at $2,000 since 2007, I'm officially raising what I consider to be my ultra-conservative price target to $2,250 per ounce. And, because the rating agencies are permitted to hint at the likely direction of a subsequent call, let's just say that gold remains on "watch positive."

15 Comments – Post Your Own

#1) On July 27, 2012 at 10:14 AM, XMFSinchiruna (27.58) wrote:

#1) On June 28, 2012 at 11:14 AM, TMFSinchiruna (38.77) wrote:Happy to grab Osisko shares under $7!!!

Looking forward to selling those shares for an easy double.

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#2) On July 27, 2012 at 11:42 AM, XMFSinchiruna (27.58) wrote:

Interesting summary of Hecla's activities and and near Lucky Friday:

http://www.hecla-mining.com/operations/Hecla_LuckyFriday-Star_05-16-12_Audio.mp4

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#3) On July 27, 2012 at 11:49 AM, jordanwi (34.32) wrote:

Way off. My calculations put gold at 2321.98 an ounce. Duh.

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#4) On July 27, 2012 at 5:36 PM, awallejr (81.44) wrote:

Well I am sticking with sandstorm gold since such a rise only makes them more money.

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#5) On July 27, 2012 at 8:48 PM, HarryCaraysGhost (99.69) wrote:

Sinch, could I get a revised Silver price target.

 

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#6) On July 28, 2012 at 5:33 AM, import2udirect (75.15) wrote:

I hope it does, then under ocean gold mining will be highly profitable and I already know the right companies to place my money into when that industry takes off    easy 10 bagger

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#7) On July 28, 2012 at 4:23 PM, speedybure (< 20) wrote:

Sinch, I sent you an email. Don;t know if you got it. Lost your # and wanted to talk to you about a collaboration idea. I think you;d be interested in this one.

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#8) On July 30, 2012 at 6:10 AM, skypilot2005 (< 20) wrote:

Sinchi,

Quick question.

My feeling is that we should be purchasing producers verses explorers here.  Because, they are currently priced closer to what explorers have historically been, there is less risk and still have decent upside potential.

I know we need to do D. D. on specific companies before, buying.

All things being equal and looking at the "Macro." situation do you think I am right?

Disclosure: I am snapping up only producres here.

 

Sky

Your Official Web Link Assistant.

 

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#9) On July 30, 2012 at 6:16 AM, skypilot2005 (< 20) wrote:

Another consideration in the above are the escaltating costs explorers are currently experiencing.

Sky.

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#10) On July 30, 2012 at 11:28 AM, kadosas (< 20) wrote:

Any opinions about Primero? It is doing very well up to earnings the 2nd of august.

Kadosas

 

 

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#11) On August 01, 2012 at 2:46 PM, DoomTrader (< 20) wrote:

I agree with you, and I think your numbers, like you say, are conservative.

I heard a rumor, but I haven't tried to look for any evidence to back it up, that since the Euro has plunged, and USD has weakened since the "Mortgage Con", that National Banks (FED, BOE, BOC, BOI) will have to give up the concept of fiat currency, and actually have gold to back there currencies.

And, to do that, they've been buying gold for the last few years, when it was cheap................

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#12) On August 03, 2012 at 8:45 AM, ubernut (< 20) wrote:

Sinch have you heard any news on Orko silver and their updated resource estimate.  Last press release was June 5 saying that the revised estimate would be done by the end of the month.  Just wondering if this is a company that you keep in touch with and if they have a release date for for resource estimate if it is already completed.

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#13) On August 03, 2012 at 12:17 PM, Horiemon (< 20) wrote:

AZX shares are moving oddly.  Seems like someone is trying to keep it at $0.04, no matter what.

 Briefly this morning it dropped to 0.035, but then someone put in an order for 100 shares at 0.04.  100 shares at 0.04 is $4 - who in their right mind would buy shares for essentially as much as the comission on the purchase?

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#14) On August 04, 2012 at 2:31 AM, XMFSinchiruna (27.58) wrote:

Horiemon,

Those are likely partial fills of larger orders to sell or buy that would sometimes reduce into smaller lots for partial fills.

ubernut,

I don't keep in contact with Orko. Assuming you saw the press release where they discussed the delay as relating to insufficient computing capacity on the part of the geological consultants. Never seen that before, but assuming they're working diligently on the process. Still a lot of back-up at consulting firms (mineral geologists certainly in demand), resulting in widespread project delays.

speedy and sky... let me get back to each of you shortly...sorry!!

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#15) On August 06, 2012 at 6:43 AM, skypilot2005 (< 20) wrote:

On August 04, 2012 at 2:31 AM, TMFSinchiruna (36.26) wrote

"speedy and sky... let me get back to each of you shortly...sorry!"

 No Problem.  Whenever you get time.

I appreciate your efforts on behalf of the community.

Sky 

 

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