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.
Doug 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
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.