Well, it looks like $1000. is a given for the gold price does anyone think it will make it to $1300.? if so what are your guesses as to what month this will happen? Or do you think we well crash and burn! Rarely in history have investors needed nothing more than the irresponsible behavior of their leaders to make rediculous amounts of money in the markets.
Actually your chart does not reflect my view. Gold will reach ~1300 in October - November time frame assuming nothing new comes to light.
I think that gold will reach $1300 in January 2010 but I could be wrong on this because it could reach that level sooner than that or it could reach it later than January 2010. Nobody really knows what will happen with gold prices IMO.
Er no elections in 2011 (no presidential or congressional ones in the US anyway). Perhaps you mean 2010 or 2012? I have no doubt that the nominal value of gold will hit $1300 eventually due to inflation, but the real value of gold tends to remain fairly stable. As the economy stabilizes, as it inevitably will eventually, I wouldn't expect gold's real value to bound much higher than it is now; it may even go down a little.
Amen, finally someone gets it! Gold fluctuates constantly over time... it's a great long term hedge against inflation, but a very high risk short term investment because it's so unstable and unpredictable in the short term.
I'll say June. But I won't say what year. For anyone with a long term time horizon, $1,300 is a layup from here.
