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<p>[QUOTE=&quot;Cloudsweeper99, post: 829183, member: 3011&quot;]The purpose of keeping this thread going is to test the widespread &quot;analysis&quot; that was spread that central banks don&#039;t want the IMF gold because the price is too high.&nbsp; The conclusion was reached that because nobody stepped up and purchased it in the first 48 hours after the announced sale, there were no buyers.&nbsp; Let&#039;s give it some time and see what happens.</p><p><br /></p><p>I didn&#039;t hear anything about a forecast of $700 gold in 2013.&nbsp; Where did it come from?&nbsp; I know of no analytical technique in finance or technical analysis that would enable someone to forecast a price move and reversal in that manner.&nbsp; What I would encourage people to do is to stop listening to these people.&nbsp; Just because they seem to have credentials, and can write and speak well doesn&#039;t mean they can predict the future.</p><p><br /></p><p>Also, it doesn&#039;t take 7 years for inflation to effect prices.&nbsp; The timing is more like 9 to 18 months.&nbsp; What can&#039;t be predicted is where the price increase will hit the economy.&nbsp; If it hits food prices, everyone is unhappy.&nbsp; If it hits stock, bond or real estate prices, everyone is happy.&nbsp; But you can be assured that the money will go someplace and it won&#039;t take 7 years.</p><p><br /></p><p>Although I can&#039;t offer any analysis to &quot;prove&quot; it, I don&#039;t think it is likely that anybody alive today will see $700 gold again in their life.&nbsp; You might as well wait for the return of 29 cents per gallon gas prices and $40 per ounce gold price that existed when I was in high school.&nbsp; People expect gold prices to be cyclical, but the present move seems to be part of the long term secular trend upward.[/QUOTE]</p><p><br /></p>

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