Gold will reach $2,000 this year, Ben Davies tells King World News

[PeacePlan]

Submitted by cpowell on 11:08AM ET Thursday, July 14, 2011. Section:
Daily Dispatches 2:07p ET Thursday, July 14, 2011


Dear Friend of GATA and Gold (and Silver):
Hinde Capital CEO Ben Davies, who wasn't afraid to predict a smashing of silver some weeks ago, today tells King World News that he's expecting gold to reach $2,000 by the end of the year. Davies adds that there will be a debt default in Europe and the question is simply whether it will be disorderly. An excerpt from Davies' interview has been posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/14_Be...


Davies will speak at GATA's Gold Rush 2011 conference in London in August:
http://www.GATAgoldrush.com
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 

[Seraphim]

Very likely. 1800$ is nearly a shoe in.

Short of a massvie deflationary crash. EVen then....

 

[Zippyjuan]

They sent out a nearly identical message in 2008. Keep repeating until they get it right?
http://www.gata.org/node/6930

10:30p ET Wednesday, November 26, 2008

Dear Friend of GATA and Gold:

The Citigroup report on gold cited in the London Telegraph story by Ambrose Evans-Pritchard that was dispatched to you earlier this evening (http://www.gata.org/node/6928), written by CitiFX analysts Tom Fitzpatrick and Shyam Devani and predicting that gold will reach $2,000 per ounce, can be found here:

And in 2010:
http://www.gata.org/node/9351

4:30p ET Monday, November 29, 2010

Dear Friend of GATA and Gold:

In an interview today Sean Boyd, chairman and CEO of Agnico Eagle Mines Ltd., a longtime GATA supporter and one of the few gold and silver mining executives who has always believed in his products as money, tells Eric King of King World News that gold could go to $2,000 per ounce and silver to $60 or $75 per ounce without the collapse of civilization. Excerpts from the interview can be read at the King World News Internet site here:

Another $2000 forecast by them from 2007: http://www.goldworld.com/articles/gold-market-price/135

"The price of gold is headed to well beyond $2,000 per ounce. GATA knows why. Now you do too."

 

[ClayTrainor]

They sent out a nearly identical message in 2008. Keep repeating until they get it right?
http://www.gata.org/node/6930


And in 2010:
http://www.gata.org/node/9351


Another $2000 forecast by them from 2007: http://www.goldworld.com/articles/gold-market-price/135

It looks to me like they were predicting $2000 / ounce, but didn't mention anything about time. This time they're claiming by the end of the year.

Am I mistaken?

 

[tsai3904]

Ben Davies' last prediction on May 2:

We believe that the market has been exhibiting the precursory signatures of power law behaviour, and that the internet power law of participation phenomena has produced a point of criticality whereby we have seen the top in silver for this half of the year. We believe a real shake out is imminent, in the order of $15 dollars over 3 to 5 days.

We all know what happened to silver during the first week of May.

 

[Zippyjuan]

It looks to me like they were predicting $2000 / ounce, but didn't mention anything about time. This time they're claiming by the end of the year.

Am I mistaken?

How long should a price prediction be good for- one year? The oldest one I posted would be nearly five years (I found but did not post another one from 2006)? You are correct that no time frame is listed. If you make it unlimited then it isn't much of a useful forecast.

 

[MJU1983]

Are we on schedule?

 

[Seraphim]

Not necessarily. One can make that prediction based on the macro inflation that is expected. Under current conditions, if they remain, saying 3000$ gold will come is a sound bet and one that needs no real time line, since gold is a long term play.

How long should a price prediction be good for- one year? The oldest one I posted would be nearly five years (I found but did not post another one from 2006)? You are correct that no time frame is listed. If you make it unlimited then it isn't much of a useful forecast.

 

[ctiger2]

They sent out a nearly identical message in 2008. Keep repeating until they get it right?
http://www.gata.org/node/6930

GATA is simply publishing the KWN interview link with Ben Davies.

Ben Davies is NOT affiliated with GATA.

In fact all the links you've posted are comments from other people.

If it was Chris Powell or Bill Murphy saying this over and over then you'd have a point. The way it is.... not.

 

[Zippyjuan]

Thank you for pointing that out.