I doubt anybody is more bullish on gold than I
But I have been playing this game for so long
I know to be realistic.
The main fact why we are not likely to see
Gold at $1800 for many years is supply.
The last time gold headed to $1800
Explorers were out there by the hundreds.
Most explorers were swallowed up when gold went down.
Even at $1600 many current producers could put
New mines into production pretty quick.
So it will be a slow crawl up for 3 years or so.
I am confident we will see $1400 in the second half
But plenty of peaks and valleys before then.
The main thing is have cash and confidence when
Gold heads down.
Cheers
BDR Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
