Can someone predict the price of gold

[cytek]

Using technical analysis you can get close. Jim Sinclair has a $1Million dollar wager that the POG or price of gold will be $1650 an ounce by Jan 2010. http://jsmineset.com/

Another guy Alf Field is predicting $3500 by 2011, and then upwards to $5000 by 2015.

Will it happen? Who knows. But you can't print money out of thin air and then issues a treasury bond and then buy that treasury bond with more money that you just printed. This is unsustaneable. However this is what our glorious FEDERAL RESERVE is doing right now. That's why the price predictions are going to the moon.

Cytek

 

[golddie]

Hi Cytek
What you are saying makes sense.
It will eventually go up to those prices.
The big question is when.
Before it gets there how many people are going to get burned by playing this game were talking about.
I have been reading a few places that it might go down to $500 -$700 an ounce
These guys are not bums on the street
In the last 2 weeks the price went down by about 50 dollars