Am Iranian nuclear bomb ? Very bullish for gold. Iran repeatedly says it will " wipe Israel off the map ". The Iranians are madmen literally thinking that destroying Israel will make the " Made " appear who will turn all the world into Islam. These Iranians make Hitler look sensible. At minimum a nuclear Iran will set off a nuclear arms race in the Mid East with Turkey , Egypt , Saudi Arabia and Syria and others race to develop nuclear weapons. Nuclear war in the Mid East ? $ 3,500.00 gold at least with oil at $ 300.00 a barrel !

I believe the weakness of Obama WILL result in a nuclear Iran ! So where will that put Gold ? Well I see gold at $ 1,300.00 per ounce within 18 months. Longer term, $ 2,200.00 in 4 years. $ 2,200.00 an ounce will put AU at about $ 150.00 at least.