Gold to $1300

Quote from daddyeaux:

measured as to a multiple of the last uncorrected upmove....

and I'm no fan of these measured moves but when it's at a nominal all time high, there are all kinds of stat guys that throw around numbers...

these giant bull moves dont seem to let you in at a resonable price...

it's good to see some of these lunchbox brokerages downgrading miners....

The bank news has to be serious for Benny boy to just lay out the road to perdition....
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I'm a fan of measured moves but not of Elliott, yet I use a hybrid Elliott method at times.

Strange contradictions, thus is the market past, present and future.
 
wall street is in denial about the move in gold since I believe it counters what they had told their clients about inflation.........

the current bubble is treasury paper and if (when) that pops, it aint gonna be pretty...

this move smells like 1980 only this time the middle up wave may be beyond what we now conceive as possible...
 
Saudi's are starting to "diversify" out of U.S. dollars. That means their peg will fall, next. After that, the rest of the gulf states.
 
Quote from thriftybob:

Saudi's are starting to "diversify" out of U.S. dollars. That means their peg will fall, next. After that, the rest of the gulf states.
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the street peg has already fallen with black market prices 15% below the bank rate....

Kuwait already floats their currency
 
another "expert or experts" have raised the bar ( so to speak)

saw this bullet point on the website of the BullionDesk
today

-Metals Forecast 2008 - GOLD - Range $840 - $1250 Average - $976-
 
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