Gas, $60 Silver & $3,000 Gold

$5 Gas, $60 Silver & $3,000 Gold in 2012

 

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With 2011 coming to a close and gold and silver stabilizing after the recent smash, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management.  KWN wanted to get his outlook for 2012 and thoughts on the recent takedown in the metals.  When asked about the action in gold, Leeb responded, “The fact that gold has gone down, in the face of what should be good news, has really spooked people.  But there are a lot of reasons you can have corrections, even the strongest markets have corrections.  This could have started because Paulson sold a big chunk of his GLD.”