Michael Belkin, one of the world's top market strategists who consults for the highest net worth money mangers in the U.S., Europe, and Asia, spoke in an interview where he is forecasting gold to skyrocket well past its all-time high because the Fed is backed into a corner where they will soon look towards new quantitative easing, rather than the hiking of rates.
In his 20 minute interview, Belkin believes that gold is barely into the first inning of its new bill run, and reaching its 2011 levels of $1940 should be just the start of where it eventually ascend to.
Why Gold & Silver Will Skyrocket To New All-Time Highs
Michael Belkin: “Yellen is going to reverse course and people are going to be flooding out of the U.S. dollar, which was just a momentum play that has faded and isn’t working anymore. So gold is going to get a currency-kicker and eventually a QE-kicker. We are only in inning number one (of a nine inning game). And back to the all-time highs for gold and silver, that may sound ridiculous but I think that’s just the first target.” - King World News