Who believes that Gold will hit $1400/ounce in 2016?

[James Park]

Just curious to see how many of you here think that Gold prices will reach $1400/ounce this year? 

[James Park]

Here is how I see things playing out. I like to be a contrian thinker and I think that most people believe that we will see couple more rate hikes this year that was first initiated in December after 9 years. I think that the rates hikes may not happen or if it does, it will be raised a lot less than most peope think. What I do think will happen is that the FEDs will reverse course for more quantative easing to QE3 second half of the year. I am making a bold prediction that Gold will hit $1400/ounce in 2016. Mortgage backed securities are also much safer today than they were during our last mortgage crisis. I am feeling more secure investing mortgage backed securities, not the brick and mortar, but financial mortgages. Again the risk is rising interest rates, which I believe will be a lot less than most people believe.

Oil prices dropping below $30 is going to put more money in a homeowner's pocket. Real Estate is local in nature where I can see some parts of the real estate market depreciating in value while other under valued areas will appreciate in value in 2016. 

Below you can see the long term chart of Gold & Silver. CEF is a closed ended fund trading 10% below Net Asset Value.