Tuesday, December 11, 2012

Gold is at cross-roads like in OCT 2008

Gold is the similar circle that was in OCT 2008. Will it break up or end down.

We don't think it will break down. It will get to $2000/oz in a year. (only in US $, no estimates in Indian Rupee)

In 2008 crisis US had to print another $5Trillion and has now ended in $16Trillion debt.
Today it is no different, we need $4 Trillion more in the next 4 years.. Gold has been down 20% since Aug 2011 and it is expected a big move.  probably to upside. Wait for confirmation in the next 2-3 weeks. It has to produce a weekly bar in the weekly chart below.