adsense
prediction top golds prices on october 2011


prediction top golds prices on october 2011
mines,gold,silver,oil,gazz,coal,prices,market,asia, europa,america,africa
This allows the current 'price' to be compared with various growth rates.
I have also inset a previous chart of mine which shows how gold rises, then consolidates, and then rises again.
These periods have been 2 years in length, and have seen rises of about 47% each time.
This allows me to make a prediction. Gold will rise to somewhere over 1400, will then consolidate until Oct 2011, where it will be at about 1400. At that time it will then mount another rise.
A 20%/year growth rate would lead to a GoldUS$ rate of about 6,000 in 2020. That is towards the lower end of the various predictions using money supply etc.
I suggest that anywhere near or below the 20%/year line is a buying opportunity.
I will return to this in Oct 2011 and review my prediction.
I would not be surprised to see a much higher 'price' by then, but I think that 1400 is a good conservative target.
Such events cannot easily be predicted. So one must position oneself just in case.
I have just created the following chart. It shows the historical 'price' of gold in US$. What I prefer to call the GoldUS$ exchange rate.
I have plotted 4x growth rates on it, all based on the end of the consolidation period at 660.
Blue shows a 10%/year growth rate.
White shows a 20%/year growth rate.
Green shows a 30%/year growth rate.
Red shows a 40%/year growth rate.
Here are two very good options for buying gold & silver and having them stored for you in secure insured vaults:
sources: http://neuralnetwriter.cylo42.com/node/2463
No Response to "prediction top golds prices on october 2011"
Post a Comment