From Outsider Club Newsletter:
Mr. Dines contends that we’re entering the “third wave” of a Super Major Bull market. Wave I took the metal from $35 per ounce in the mid-20th century to $800 in 1980, when Mr. Dines told his readers to sell.
It then fell to $288 per ounce in 2001, when Mr. Dines told his readers to buy gold once again. This was the beginning of gold’s Wave II and it rolled all the way to $1,917 in late 2011.
Again Mr. Dines nearly nailed the top, telling his readers to sell in early 2012.
And then, of course, we entered the nasty bear market that Mr. Dines now says is over.
He is calling for gold’s Wave III, which will carry its price to $3,000-$5,000 per ounce.
The Dines Letter Gold Waves
