Deja Vu? Is Gold Just in a Correcting Phase on Its Way to Parabolic Peak of $4,294?

The current volatility in the precious metals market doesn’t necessarily indicate a change in secular direction. [In fact,] if today’s gold price was to rise by the same degree over the next 14 months [as it did from the beginning of 1979 into 1980, it would hit $4294/ozt. by Jan 2013! Let me explain.] Words: 420So says Plan B Economics http://www.planbeconomics.com in edited excerpts from his original article. Lorimer Wilson, editor of http://www.FinancialArticleSummariesToday.com A site for sore eyes and inquisitive minds and http://www.munKNEE.com Your Key to Making Money! has edited [ ], abridged … and reformatted some sub-titles and bold/italics emphases the article below for the sake of clarity and brevity to ensure a fast and easy read. The report’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. The article goes on to say, in part:The following chart is a snapshot of gold prices during the 1970s. Between January 1971 and November 1978, gold experienced a number of whopping corrections that sent the weak hands scrambling to cash. Many levered players saw their margins decimated and called it quits…

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via Deja Vu? Is Gold Just in a Correcting Phase on Its Way to Parabolic Peak of $4,294? | munKNEE.com.

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