Dear Comrades in Golden Arms (CIGAs),
In times like these I invite you to put your non-margined hand in my totally confident hand. Be calmed as we walk the wildness of the gold market to $1650.
I know gold is headed for $1650. If that is not enough for you today, then please allow me to demonstrate my commitment to my view of the gold price.
We wish the Fed, the US Treasury and all other central banks well in this process as there is NO other alternative.
KNOW that there are consequences to the increase of non-drainable international liquidity created to craft the appearance that no further major international investment and banking companies will need rescuing.
My position on timing and price is that Gold will trade at $1,650 before the second week of January 2011.
I am offering a $1,000,000 wager to a financially qualified party that this will occur within the stated timeframe. Any party on Bloomberg, CNBC or CNN-Business stating an opposite opinion on the price of gold should be informed of this challenge.
Please communicate to ANY vocal bearish so-called