Gold To Reach 'Undreamed Of Heights' (Doug Eberhardt)

| About: SPDR Gold (GLD)

Summary

Precious metals are in a mini-bull market that will top out.

Expects a significant credit contraction event that will be deflationary.

Ultimately, expects gold to reach "undreamed of heights" in regard to price.

Detailed tips on Doug's core investment strategies.

Top advice for DIY investors.

Doug Eberhardt is one of 25 Seeking Alpha Contributors participating in the 2017 DIY Investing Summit. In the summit, one of the questions I asked Doug was what would be the main points of a "State of the Precious Metals Markets" speech to DIY investors. Below is an excerpt from the interview and a summary of his response.

Doug's "State of the Precious Metals Markets..."

  • Precious metals are currently in a small bull market but will likely top out this year.
  • Expects a major, deflationary credit contraction (likely China-related) that will put significant downward pressure on gold.
  • His ideal buy price is $900, but after this deflationary cycle, expects gold to reach "undreamed of heights."
  • More...

Interview excerpt:

This is just a small excerpt of what's covered in the interview.

The interview is full of detailed tips on Doug's core investment strategies, top advice for DIY investors and specific ways he's positioning for 2017.

Enjoy the full interview with Doug and other top investors on Seeking Alpha. Registration for the summit is now open and free for a limited time.

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Full list of summit contributors:

Chris DeMuth, Bret Jensen, Brad Thomas, Eric Parnell, Rida Morwa, Ian Bezek, Richard Lejeune, Richard Berger, Aurelien Windenberger, Doug Eberhardt, Dividend Sensei, Ralph Baker, Lawrence Fuller, Double Dividend Stocks, Mark Bern, Mark Hibben, Dividend House, J Mintzmyer, William Koldus, Damon Verial, Avi Gilburt, Shailesh Kumar, Chuck Carnevale, Adam Aloisi and Colorado Wealth Management.

Join Doug at the DIY Investor Summit (free for a limited time) where he shares detailed tips on his core investment strategies, top advice for DIY investors and specific ways he's positioning for 2017.

Companies mentioned in Doug's interview: Gold (NYSEARCA:GLD), Silver (NYSEARCA:SLV), Gold Miners Bull 3x (NYSEARCA:NUGT), Junior Gold Miners Bull 3x (NYSEARCA:JNUG), 20 Year Treasury (NYSEARCA:TLT), S&P 500 (NYSEARCA:SPY)

Disclosure: This article is for information purposes only. There are risks involved with investing, including loss of principal. Brian and Investor in the Family make no explicit or implicit guarantee with respect to performance or the outcome of any investment or projections made. There is no guarantee that the goals of the strategies discussed by Brian and Investor in the Family will be met.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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