I nabbed Gold's 5-year chart and drew an extended trend line to see when $2,000/oz gold will be here. I'm coming up with late 2012 or early 2013.
HOWEVER, I'm on record as predicting we'll see $2,000 gold by Summer. That means June, and I'm not backing off of that. The trend line is simply an average. Gold's actual price is sometimes above, sometimes below, that average.
The line also assumes no acceleration in gold's price increase, despite that being the natural way of things as time passes and economic Armageddon approaches. Interestingly, there's been no acceleration in gold's climb in four years. It's overdue, imo. Big-time. It's supposed to eventually go parabolic, right??
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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