McEwen Mining Inc (MUX)

[JD400]

A Golden Future,In Gold We Trust

Goldcorp founder and
CEO of McEwen Mining Inc, Rob McEwen, went on record on Bloomberg news with a
forecast that Gold will reach $5000 per ounce soon. The Canadian based gold
icon sees significant gains ahead for gold. McEwen expects gold prices to hit
$5,000 per ounce, a 300% increase from current prices.

McEwen’s time frame
is reasonably short, and sees prices reaching the predicted levels by
2015-2016. I am going even further predicting Gold to reach $8500 per ounce
very soon due to rising inflation in China (the World Bank has cut China's 2012 growth forecast to 8.2 pc), the depreciating Rupee in India and its stubbornly high inflation,
the dangerous current impasse in North Korea and Iran on the nuclear issue (today North Korea a failed rocket launch. South Korea says that the North is now preparing for an underground nuclear test in defiance of the world), the
calamitous and worsening situation in Europe with their debt crisis (In Spain alone,
unemployment among the youth has reached almost 50% which means one out every
two Spanish young have no job. Spanish bond yields have almost reached 6pc which is unsustainable. Italy is next), the alarming US debt of almost $16 trillion
USD and growing fast at the galloping rate of about $125-$130 billion per month or about $4.33 billion per
day. Japan is in no better shape with extremely high debt. Just like the housing bubble burst unexpectedly on the world in 2008, this debt bubble will explode very soon. When that happens, people, Governments, Central Banks, investors and companies will rush to Gold to protect their savings and balance sheets. My forecast of Gold hitting $8500 an ounce may then turn out to be too modest and Gold may zoom even higher than what I am predicting.

http://www.theworld.org/2012/04/a-golden-future-inflation-fear-underlies-global-rise-in-gold/

In Gold We Trust