Saturday, November 13, 2010

$2,000 is the price that I will sell out my gold for

Is the gold bubble bursting? Like Peter Grandich, I think gold is half way through its rally, and will likely enter a parabolic phase of volatile but phenomenal increase before its final decline. Which means, that in this correction, I should be adding on to my position, and then wait to sell when gold eventually reaches $2,000. When will it reach this price target? Anytime in 12- 36 months.

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