Commodity Bubble Proponent

Gold Poised to Move Higher

The secular commodity bull is over. Oil down 70%, Copper down 70%, corn down 65%, silver down 50%, steel down 70%, etc.

Gold's turn is coming. In past historical commodity downturns, gold is usually the last commodity to crack. For instance, in the 1980s commodity price runup, gold peaked after all of the other commodities did. Same thing happened in the 1970s.

I expect another run up of 30-40% in the next 6-9 months, followed by a horrific collapse once investors cannot borrow money to buy gold.

Commodities are cyclical and will not be the first to come back once the market economy improves. The next significant rally will be late 2010s when no one is looking.

Enjoy the ride boys