Stephen Leeb: Expect $5 Gas, $60 Silver & $3,000 Gold in 2012
December 30, 2011
“I’ll give you my target for gold at the end of 2012, it’s going to be trading somewhere between $2,500 and $3,000. This correction, in other words, is a non-event. The rubber band analogy applies here, for every dollar down on gold, it will mean an extra dollar on the upside when we get the reversal.
It’s so important for investors that are not seasoned, it’s so important not to get shaken out of your position here. And if you have extra money on the side, this is a great buying opportunity.
Segueing into silver, silver is even better here. The Chinese have started to stockpile silver, sort of hidden in an announcement they made the other day. They are not going to export any silver. China is not going to export, according to their latest announcement, not even one ounce of silver.
So, if I were to target silver for the end of 2012, I’m going to be very, very conservative and say silver will finish 2012 at $60. It’s going to make new all-time highs.” ”