‘I believe we will easily go to $1500 very soon’
“There is lots of institutional demand waiting on the sidelines. Gold is reappearing on everyone’s radar, and investors are becoming more interested. Gold is in a bull market in most currencies, and overall is doing exceptionally well. The world gold price is close to all-time highs. He thinks that gold will now move into a bull market in dollar terms and $1500 should be a relatively easy target. Election years are generally favorable for gold.”
USAGOLD note: Stoeferle has been one of our favorite gold market analysts for a good many years. With co-author Mark Valek, he publishes each year one of the most thorough reviews of the gold market available. This interview updates his position in light of recent events.
Repost from 7-5-2019