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Papli
Member since May 2012
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When Will Gold Reach a New High? - Jeff Clark - Casey Resaerch

Jeff thanks for the data. I appreciate and share your positive outlook towards gold. Now my view point. Firstly, all lows have been severer than their previous ones. We, therefore, should be looking at between 10 to 15% lower prices from current levels to drop from 19.2% to 29.5% and possibly another 5 % i.e. gold at $1400-$1480 levels.
Secondly, from the graph gold recovered from around $350 to say $1900 during the period from approximately Jun 2003 to Sep 2011, thus averaging a recovery of $ 517 over three recovery cycles .
Hence, it is likely that gold may ossicilate between $1400 and $1900 for the interim.
Thirdly, going by the data presented by you, it may be inferred that only drastically pro-gold events may propel gold to $2000 and above. When? Let it remain a speculation untill then.

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Beginning of the headline :Some investors are frustrated and a few are worried that gold seems stuck in a rut. This stall in price has happened before, of course, but since 2001 it's always eventually powered to a new high. Unless one thinks the gold bull market is over, it's natural to wonder how longmight we have to wait before seeing another new high... Read More

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