Oct 8, 2016
Over the course of years, few people have called the ups and downs of the precious metals cycle, the stock market and political cycle as has Eric Hadik. When we first spoke with him, he forecast a large move for gold in 2016. As if on schedule, gold took off, almost from the first of the year. In July, he called for a correction. And sure enough, it happened. He thinks there's still a bit more to come, $1200 for gold and $16 for silver, probably by year's end. But 2017 should see a resumption of the upward trend. As for the stock market, it's displaying many signs of a top and investors should be very wary. Don't be so quick to write off the US Dollar yet. The Yuan might very well become the reserve currency in the future, but at this point it's by no means assured and even if it should come to pass, it's a process that won't occur overnight, irrespective of the SDR. It's always fascinating hearing his take on things. There's much to absorb in this interview.