Peter Lassonde in a Kingworld News interview said he thinks in the short term (6 - 9 mos or so), gold will be under pressure. 2012 could be the first year where gold didn't end up better. Thinks there is around a 80% chance that gold could drop to 1500, 20% chance it could drop to 1200. But long term he is bullish on gold. People should not panic. Thinks US is the best of the worst economies and Germany is basically forcing Europe into depression with their demands. Good news for mining shares is that probably for the first time in 10 years, the miners might outperform the buillon in 2012. As for Newgold, he could not be more excited than he has ever been. Next June you will have cashflow doubled from $200 m to $400 m. (He shared lots of additional good future news about Newgold) He's confident stock will be $40 - $45 stock 3 years from now and possibly $70 stock if everything goes right. As to FrancoNevada, it is a very different company. Buys basically options and gives all the benefits to its shareholders. Stock has given its sharefholders 35% compounded return for over 20 years. Thinks next level will be $72 to $75 level in next 18 months. OLV the diamond comany in Canada also has a great opportunity and could eventually be a $100 stock if they hit what they are looking for. Markets are totally wierd right now so don't look at your portfolio everyday.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/24_Pierre_Lassonde_files/Pierre%20Lassonde%2012%3A24%3A2011.mp3