Predictions – Mark Leibovit, Robert Rodriguez

By on April 26, 2008

On April 18th, Mark Leibovit, VRTrader.com, stated his forecast model pinpointed mid-April as a low point. However he hedged by saying, “don’t want to start predicting a new bull market.” Leibovit recommended:

  • streetTRACKS Gold Shares (GLD, 90.62) giving gold a target of $1,100 to $1,200 an ounce, with it eventually reaching $3,000.
  • iShares Silver Trust (SLV, 176.71) “silver is headed way up to the mid 20’s, eventually to the mid $40’s.
  • Pan American Silver (PAAS, 38.60) “projecting at least the low $50’s.”

On April 21st, Bob Rodriguez, named “Fund manager of our time,” achieving a 16.2% annual return since 1984, stated:

  • “credit crunch will continue…we’re not finished”
  • “have not bought anything yet”
  • “earnings expectations are vastly too high”
  • “will continue to have inflation in the 3-5% range”

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