Harry Dent is out again with his predictions of gold moving lower, this time to $700 in 2018. In his most recent presentation, however, he verbally said that gold will fall to $400 and his slide show showed a graphic depicting a price of $250. His graphic throughout the entire presentation, shown below, shows him calling for $700, but most new viewers of his latest predictions should know he has been negative on gold for quite some time.
I wrote an article in December of 2015 as a rebuttal to Harry Dent’s prediction then for gold.
Why Harry Dent’s Call For Gold To Go To $250 Is Wrong
In that article, I point out that Harry Dent came out with a book called “The Great Gold Bust Ahead.” The link is still live with his commentary calling for gold to go to $250. He also in that link calls for The Great Depression to hit in 2016. I see Harry Dent as the opposite of Peter Schiff in that Schiff has forever called for a dollar crash and higher gold prices, ignoring the run up in the dollar to over 100 and simultaneous
fall in the price of gold, and Dent has been calling for a lower price in gold to $250 for quite a while.
Gold in December of 2015 was falling and I too was calling for gold to fall below $1,000 when it was around $1,200. Gold did get down to $1,050 and I do recall many….
The above article continues on Seeking Alpha where I write article occasionally. The comments section is worth the read as well. Click the link below to continue reading.
https://seekingalpha.com/article/4114260-call-gold-fall-700-realistic
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About Doug EberhardtDoug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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