Stephen Leeb - GS Bullish...How it Will Impact Gold & Silver

With gold and silver consolidating, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management.  When asked about the tremendous pessimism in gold, Leeb responded, “You are right about the pessimism and I just wouldn’t be surprised to find gold trading at $2,000 by the end of the year.  I think the breakout is legitimate and the pullback is natural.  I don’t know where else to put money except for gold, silver and maybe a few other commodities.  Even if gold doesn’t follow through, as I expect it will, it doesn’t mean a thing.  There is no other currency out there that can even remotely replace gold.”

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