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A New Way of Looking At Gold and Silver
Posted on 09/25/2006 16:38:46 | Link | Post Comment
0920 EST Thursday December 29 2005
Good Morning: Gold and Silver soared in yesterday's trading and many ideas are being thrown around, including an interesting point of view and analysis that is close to our own by well known Gold commentator James Turk, who believes the price of Gold in 2005 Dollars adjusted for inflation place Gold at around $2,200 oz. Our view as Gold could run up to around $1,785 oz, but as we already well know, Gold has a habit of overshooting on the upside and that is our belief today, in that we have identified a very strong tendency in that many markets that rise four years in a row, have a tendency to run up as much as 100% or more in their fifth up year and of course, that would put Gold at upwards of $1,000 per ounce and could pave the way for our target or James Turk's Gold value to be reached or even sharply exceeded by 2009 or 2010, which is when we see the crescendo of this initial bull phase in Gold peaking before it commences its next major phase that should take Gold to $3,704 by 2019.
Equities could rally today on the back of strong gains and new multi-year highs in many overseas markets. The Japanese Nikkei 225 soared to new highs again overnight confirming our view that it may well have set its sights on 21,000 plus sooner than we may think.
Trade Well
From the Desk of Savant
Good Morning: Gold and Silver soared in yesterday's trading and many ideas are being thrown around, including an interesting point of view and analysis that is close to our own by well known Gold commentator James Turk, who believes the price of Gold in 2005 Dollars adjusted for inflation place Gold at around $2,200 oz. Our view as Gold could run up to around $1,785 oz, but as we already well know, Gold has a habit of overshooting on the upside and that is our belief today, in that we have identified a very strong tendency in that many markets that rise four years in a row, have a tendency to run up as much as 100% or more in their fifth up year and of course, that would put Gold at upwards of $1,000 per ounce and could pave the way for our target or James Turk's Gold value to be reached or even sharply exceeded by 2009 or 2010, which is when we see the crescendo of this initial bull phase in Gold peaking before it commences its next major phase that should take Gold to $3,704 by 2019.
Equities could rally today on the back of strong gains and new multi-year highs in many overseas markets. The Japanese Nikkei 225 soared to new highs again overnight confirming our view that it may well have set its sights on 21,000 plus sooner than we may think.
Trade Well
From the Desk of Savant
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