Gold: Headed to $62,238 or Even $84,131 an Ounce? – SwingTradingDaily 12-12-12

Salient to Investors:

Larry Edelson is short-term bearish on gold but long-term bullish. Both possible outcomes for the world economies are bullish for gold.

Scenario 1 – least likely – is the stock market continues to rally and the US economy begins to recover. The up to $20 trillion of monopoly money printed by the Fed floods the market at inflation takes off very sharply. Gold will rise to a minimum of $5,000.

Scenario 2 – the most likely – is the U.S. economy worsens, Europe melts  down. The Fed and ECB pump in trillions more dollars but all to no avail. The euro and the U.S. dollar fall and dramatically lose purchasing power, and the West sinks deeply into an inflationary depression. Gold will easily exceed $5,000. 

Read the full article at http://www.swingtradingdaily.com/2012/12/12/gold-headed-to-62238-or-even-84131-an-ounce/