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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (25511)	8/20/2011 8:13:00 PM
From: Jim McMannis	Respond to of 29622

Tomasso is like a rock. Every now and then I catch him looking at a chart but then he snaps to his senses, reaffirms he's holding long and calls the rest of the thread that trades, idiots. Makes ya fell whole doesn't it? LOL

To: gold$10k who wrote (25511)	8/20/2011 8:20:25 PM
From: Jim McMannis	1 Recommendation Read Replies (2) \| Respond to of 29622

Here's guy that says gold could go to 5,000/oz in 2 months. profitimes.com Gold headed to $5,000 per ounce? After writing an article about the Platinum-to-Gold ratio, I decided to do more with the excel sheet, like calculating correlations and plotting the price charts for example. In this article, I will just focus on the Gold price. Here we go, the Monthly average Gold Price since January 1968: It looks a bit bubbly, right? If you think this looks like a bubble, then please have a look at this Log-scaled chart, which looks far from bubbly: The thing I observed was that the price action in Gold from early 2000 until today was similar to the price action from 1968 until April 1979. Let me show you: One might argue that the price action from 1972 until 1975 is not similar. I agree. However, the correlation between the gold price from 1968 until 1979 and the gold price from early 2000 until today is an amazing 89,65%. Now what else did I notice? That the price action from November 1975 until April 1979 is almost exactly the same as the price action from January 2008 until today. To show you, here is a chart click the link http://profitimes.com/free-articles/gold-headed-to-5000-per-ounce