* we need to see gold under $1,000 to get the perma-bulls bearish
* to turn gold we need to see interest rates start rising
* long term, gold will run up into 2032
* if gold goes below $1,000 in early 2014, that will be the low
* worst case - gold will make the low in 2015
* next crisis will likely be pension funds; starting late 2015 going into '17 - '18
* risk of gov't seizing all pension funds
* expect short term correction in stocks
* major high in stock market mid to late 2015; correction after that
* sizable rally of 50% and possibly a double
(prior to this interview the SPX high was 1775 in October 2013)
* short term the commodity bull is over; production needs to be reduced at the bottom in order to set up for the next cycle. Next cycle for commodity boom will largely be after 2016
Interview conducted by Michael Campbell and broadcast on CKNW.
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