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Message: In the news. Gold predicted to hit $3000

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Re: In the news. Gold predicted to hit $3000 - Fractals Analysis

in response to In the news. Gold predicted to hit $3000 by ptroen

posted on Feb 02, 12 12:45PM (Log in to use the IP Check tool) ^[?]

via Safe Haven.com

"If we go ahead and make the not-so-difficult assumption that gold is launching into another 21-month cycle to the upside -- thank you Fed, thank you ECB -- the target for this move is $2,750 to $3,000, with the next peak scheduled to arrive in June 2013. That is 17 months from now, as we are 5 months into this latest 21 month stretch. This top could stretch into July 2013, depending on how the local timing cycle lines up at that point."

An extended period of sideways trade could be expected for several month averaging ~$1800/oz. U.S., preceding the next run-up.