Eric Sprott's Bold Predictions On Gold And Silver

May 10, 2012 2:37 AM ETGLD, SLV1 Comment
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Contrarian, Arbitrage, Commodities, Gold & Precious Metals

Contributor Since 2011

Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a competitor of Dow Chemical. Today, he works as a regulatory compliance consultant at J&J, but his real passion will stay in macro-economics. His experience in the chemical and pharmaceutical industry allows him to monitor the economy from a process engineering standpoint, analyzing macro-economic charts, correlations and trends.

According to Eric Sprott, gold will be over $US 2000/ounce and silver will be above $US 50/ounce by the end of the year 2012.

I'm curious if this will hold..., I highly doubt it will go up that fast.

To See Eric Sprott's interview with CNBC, go to:

http://katchum.blogspot.com/2012/05/eric-sprott-on-cnbc.html

For gold it should do something like this:

Chart 1: Gold Price Prediction (Eric Sprott)

For silver it should do something like this:

Chart 2: Silver Price Prediction (Eric Sprott)

Disclosure: I am long AGQ, PSLV, PHYS.

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