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David K
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Elliott wave predicts $32659 gold on 16 Jan 2015

- Bron Suchecki - Perth Mint

Egon on Greyerz of Matterhorn was suggesting $50K! I guess with $1200 trillion or so of notional derivatives in the pipeline, anything is possible. What troubles me is that such extraordinary numbers would indicate a financial apocalypse of almost unimaginable proportions wherein ordinary exchange and transference might become problematic and even questionable in the extreme. And if the dollar goes to absolute zero, as is an almost 100% mathematical probability, who would want to exchange a St. Gaudens for such worthless confetti anyway. Of course by then will we have to adjust and recalibrate to the new world reserve currency either SDR, Yuan or basket? In other words things are not quite as simple as our present fiasco of FRN denomination pegged to COMEX paper circus we are so accustomed to presently which is on the verge of going up in flames itself. We are entering uncharted waters. Freegold anyone?

Commented 4589 days ago

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Beginning of the headline : Nick from Sharelynx with help from Geoff S has put together an Elliott Wave theory prediction using 'The Golden Mean' & 'Fibonacci Sequences' to arrive at the future price of gold.Click here for the chart. It predicts the next peak as $3,559 in Jan 2013 with an eventual peak of $32,659 gold on 16 Jan 2015... Read More

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