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Re: $2,000 gold. When?

By: Decomposed in ROUND | Recommend this post (0)
Thu, 23 Feb 12 10:04 PM | 59 view(s)
Boardmark this board | De's Test Board 		Msg. 39086 of 45651
(This msg. is a reply to 39085 by Decomposed)
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BTW, note that over four years . . . gold's move isn't even slightly PARABOLIC.

There's no bubble. I've been pointing that out for years and folks just don't believe me. Maybe there will be one day, but not at present.




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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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The above is a reply to the following message:
$2,000 gold. When?
By: Decomposed in ROUND
Thu, 23 Feb 12 9:56 PM 		Msg. 39085 of 45651

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??

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