Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (89378)	9/8/2002 12:01:02 AM
From: E. Charters	Read Replies (1) \| Respond to of 116796

The "angle" of gold's rise has been approx 250-330 over 18 months let's say. That is 4.40 a month. If gold has stalled in a pattern of 6 months of vacillation, then over a seven year rise period, that is a drop-back period of uncertainty of one part in 14 or 7%. To equate cash to time, it would be that gold has a 22 to 24 dollar uncertainty or swing range. That would seem to be about right historically. If it is true that its long term angle of attack will not be significantly changed, as we have seen so often before, then the rise will be approx 350 dollars in 7 years. So we can see gold hitting $600 by 2006. This is supported by two previous historic ramps, that from 1929 to 1934 and 1977 to 1984. The first period mentioned from 1929 on, saw a rise of 40% of the final price, in a 5 year rise that was interrupted by Roosevelt. The second a rise from, 1977 to 1984 was 84% of the reached high, for a near identical rate of monthly change with present rate of advance, of 4.84 per month. EC<:-}