Historical charts give gold a 5K price target

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June 28, 2011 - 6:18pm

Debbie Downer

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Historical charts give gold a 5K price target

From Mike Maloney's website

http://goldsilver.com/news/calculating-correlations-and-plotting-the-pri...

June 29, 2011 - 12:04pm

Dr G

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Very interesting stuff and a

Very interesting stuff and a fun read. Turd posted this yesterday on the front page with this link: http://www.gold-eagle.com/editorials_08/weytjens062411.html

June 29, 2011 - 12:16pm

smcsmc

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We've got to get past $1550

We've got to get past $1550 first. Powerful forces are intent on holding the price down for as long as they can. But when this price suppression scheme fails, it will fail spectacularly.

June 29, 2011 - 7:02pm Response to: We've got to get past $1550

Dr G

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Agreed

smcsmc wrote:

We've got to get past $1550 first. Powerful forces are intent on holding the price down for as long as they can. But when this price suppression scheme fails, it will fail spectacularly.

Agreed, and I believe that it WILL be unlike any price movement we've ever seen. $4-5/day for Ag and probably $40/day for Au within the realm of possibility.