Posted by junkmaylbox on 16th of Feb 2009 at 09:21 pm
In 1970s $gold increased 27 times: from its low at $30 to $840.
If the upcoming move is at least as big as before, we should see
$gold reach $270*27=$7,290 per ounce. In fact, we have seen only a
triple from its lows, hence a 9-fold increase is still in the
cards.
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A likely target for $gold
Gold wave counts
Posted by junkmaylbox on 16th of Feb 2009 at 09:21 pm
In 1970s $gold increased 27 times: from its low at $30 to $840. If the upcoming move is at least as big as before, we should see $gold reach $270*27=$7,290 per ounce. In fact, we have seen only a triple from its lows, hence a 9-fold increase is still in the cards.