How Realistic Is $5,000 Gold?
September 29, 2010 at 00:39 AM EDT
Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 and silver is likely to exceed $200 within the next 5 years. If silver reverts to its historical ratio of 16 to 1 with gold, then it could rise even higher. Let me explain. In recent weeks gold and silver have broken through their multi-month consolidation levels, and investors are wondering where the precious metals are headed. On a short term basis both gold and silver are overbought and due for a correction that may retest the breakout levels of $1,250 on gold and $20 on silver. $1,500 Gold and $30 Silver By 2011 On… . . . → Full Story: How Realistic Is $5,000 Gold?