Predicting 5k by the end of the second quarter, that if everything stays pretty much the same economically and world events are unchanged dramatically.
We're overbought....if we don't correct much, that will be a strong sign that there are institutional bidders underneath which is very bullish.
I have been buying GOLD for years allot of it under $1,500 per once, so have already doubled my money plus, but my investment is long term probably 10 to 15 years so always buying
That's great...I'm only saying that we've had 2 decades-plus of rising prices so any "long-term" buying is going to look good. If you did the same thing in 1980, you'd probably have no more than a 5% CAGR on your money for the next 20 years.
Come to think of it...that CAGR could be even less, like low-single digits. Gold was pretty much in a $280 - $400 range for 20 years.
About 3.75%, but lower if you exclude the artificially high 1980 and 1981 numbers. The important thing is that the rate of change of inflation was dramatic to the downside. Nobody believed that Volcker and Reagan would cure a decade-long problem so quickly.
