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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (46981)12/10/2005 12:08:54 PM
From: Claude Cormier  Read Replies (1) of 110194
 
I do not think we can predict acurately the price of gold. We can only be confident in gold maintaining its purchasing power over the long term while showing extreme volatility.

Reviewing the charts of the 1970-1980 period tells me that gold could be $450 or $650 next year, $600 or $1000 in 2007, $2000 and up within the next 5 years with all kind of ups and down.

FWIW, I believe the trend is up and we will have $650, $1000 and then $2000 in the years ahead.
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