With continued uncertainty in the gold and silver markets, today a 58-year market veteran told King World News that silver will advance roughly 800% and gold is set to soar over $3,000 from current levels. Ron Rosen, who has been at this business for almost six decades, also spoke about the mining shares..
Eric King: “Ron, you’ve been doing this for 58 years, where are we right now as you see it in the gold and silver bull markets?”
Rosen: “We are on the verge of the biggest move in the history of the precious metals market, and it’s not far away from beginning. It’s going to be a monster move….
“What I don’t understand is why everybody doesn’t see it. There are so many analysts out there and if they just knew how to look at a monthly chart, and put it in a logarithmic form, they would see that gold and silver are going to explode.
This explosion higher in the price of gold and silver will just be Mother Nature at work, and there is nothing on the face of this Earth that can stop it — no individual, no central bank, no country, and no collection of countries.”
Eric King: “You went through the bull market of the 1970s. How do you think this market will compare to that one?”
Rosen: “It will outperform it to such an extent that it will almost be beyond belief. We are looking at a massive move in front of us that will top sometime in 2014. At that point there will be a correction. Then, a massive blowoff will take us probably into early 2016. People who have been tortured by this long corrective phase, they will be thrilled if they have the ability to hang on. They just need patience here.