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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price to hit $10,000 by 2020-21

Posted on 04 July 2014

US forecaster Bo Polny has predicted that the price of an ounce of gold will hit US$2000 by the year end, rising to $10,000 by the end of 2020-21. Polny found fame by predicting the top for the gold price at $1900 and the bottom at $1180. He is apparently a student of WD Gann, the legendary futures trader who became a self-made millionaire.
Polny reasons that gold is in a 21-year bull cycle, with three 7-year mini-cycles within that. According to Polny we’re entering the third cycle now. The interview was conducted by Kitco News and can be viewed below………………………………………..Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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