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RE: As the rally in Gold and Silver continues, year end targets set at: Gold = +$2,000oz and Silver = +$27.00oz.
The problem with gold is that there is no market price discovery at all
- supply side, the actual amount of gold held in vaults is way more than what is considered, "all the worlds gold".
- demand side, there are sooooo many paper sales of gold, that it is believed there is 100 paper per 1 physical. And, i am betting its 0 physical.
So, although we are probably at the beginning of a real gold bear run, i see it hampered on all fronts.
Silver is the much better bet, as it will become so precious that it will be considered a national security level commodity. But, when will these new uses of silver be released to the public?
Hold gold and silver for the long term.