Gold $10,000
As I have been saying for years now, I expect within the next 5 years to see gold at $10,000 per ounce. Why? Because if it were not for a few big banks holding the price down, normal supply and demand forces dictate that we would already be there!

Since gold is the enemy to the government's ability to print money out of thin air, then they must keep gold from being an attractive alternative to the dollar. If foreign governments begin to prefer gold over dollars, then our economy collapses as we can no longer borrow to import goods that our economy depends on. Therefore the powers-that-be want to keep gold from being an attractive alternative to the dollar, NOT because they care about you and me, but because they care about their positions of power and don't want to get voted out!

To hold down the price of gold, the Feds print money, shuffle it to the bullion banks (Goldman, Morgan et. al.) and they "short" the market. In other word they place huge bets against gold, which has the effect of forcing the price down, unless these bets can be offset by equally large bets in the opposite direction.

With that in mind, read the following little excerpt from Ed Steer's Gold and Silver Daily Commentary.

It's going to be interesting to see if this rally in both gold and silver has any legs. Both metals were oversold... but not to the extremes I would like to have seen. I'm somewhat concerned that this rally may roll over in the days and weeks ahead. But what I'm really watching is to see if JPMorgan et al are going to short this rally. You must understand, dear reader, that if the bullion banks... specifically the '8 or less' traders... were not there to go short against all longs, there is nobody... not a single trader left in the Commercial category of the Commitment of Traders... that is prepared to go short silver [and gold] at current prices... and the prices would explode instantly. That's why the bullion banks are there... as the shorts of last resort. The moment they withdraw from the market... or begin to cover their short positions... will be an event talked [and written] about for centuries to come.

I keep saying the market will hit at least $10,000 an ounce because I am trying to shoot for the low side, but expecting this price to be much higher.