Felix Zulauf: Any Correction In Gold Is A Buying Opportunity For The Next Ten Years

The Business Insider ^ | 10-17-2010 | Gus Lubin

[blam]

Felix Zulauf: Any Correction In Gold Is A Buying Opportunity For The Next Ten Years

Gus Lubin
Oct. 17, 2010, 2:24 PM

Famed investor Felix Zulauf nailed the 2009 rally and has predicted a secular bear market beginning in 2010.

Yesterday he warned of inflation in a must-listen interview at King World News.

Zulauf is still bullish on gold: "The secular case is as solid as it has been for the last few years and that will continue. The only question is whether we will have some interim corrections or not, and corrections are here not to sell but to buy gold."

A medium-term reversal in most markets -- gold and stocks down and the dollar up -- is likely in the next few weeks, Zulauf says. But what's important is to follow the secular trends.

"This is the end game of our system. Our system is basically exhausted. Our authorities try to prolong the good times that we have been in for several decades by printing paper money, by going into more debt, etc., etc., to support the system and get it growing. But it won't get back to where we've come from. At some point of time something has to give. We just have a basic situation of too much debt outstanding private and public sector relative to size of our economies and one way or another we have to cut that down, and the owners of those nominal values over the next ten years or so will be the big losers.

Listen to the full interview at King World News >

[snip]

[hinckley buzzard]

has predicted a secular bear market beginning in 2010.

2010 is getting pretty short...who is this guy again?

[Frantzie]

He is good. I have read Barrons roundtables for quite a few years and he always has one of the best records.

[trek]

we have been in a secular bear market since March of 2000 when the S&P topped out in the low 1500’s. So this guy’s 2010 call seems rather unremarkable.

[STONEWALLS]

....I don’t see gold as very spendable if the SHTF...they are just too pricy....junk silver coins would be easier to conduct transactions with.

[screaminsunshine]

This Ponzi Scheme needs to fall so we can start over.

[Silver Sabre]

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/

[An Old Man]

"....I don’t see gold as very spendable if the SHTF...they are just too pricy....junk silver coins would be easier to conduct transactions with."

Just to be on the safe side, why not get some of each?

[OhhTee5]

Tragically, what a lot of people miss is the market is an “anticpation game”.

The goal is to anticipate where demand will be and get there before the crowd.

For example, when the internet craze began, there were many people moving into those stocks before they started to move, they guessed right and reaped the rewards.

But the unfortunate “end game” for any investment is when it becomes a frenzy and people start pouring in long after the investment has made it’s run.

Look how far the internet stocks declined, and most recently real estate.

Weather gold has a lot more to run or not is anyone’s guess.

But the FACT IS, gold has ALREADY run up on the threat of inflation and economic crisis. These factors are already baked into the price of gold.

For gold to move more then it already has, we need dramatic boosts in both inflation and economic uncertainty, more then what has already been anticipated.

If instead there isn’t as much of both (or either) as had been EXPECTED, then gold could correct dramatically.

Good luck all.

[cicero2k]

I have my salt shaker and tweezers near the computer, for articles like these.