Axstone's Gold Price Commentary: How High can the Gold Price go?

Saturday, October 13, 2007

The Previous Gold Bull Market went 24 times from the bottom to the peak
that would take this bull market to a high of 6,000.

Goldplay said...: 24x$250? let's not exagerate. Let's just say it can go up the same distance and the previous bull, so that's about $200 more than than the year 1980, giving us around a $1000 per ounce; October 15, 2007 1:10 AM
Anonymous said...: there is no better day to buy gold than today ... gold is going a looooong way up soon; October 15, 2007 3:55 AM
AXSTONE said...: I am not exaggerating..

I am saying gold in US dollars could easily rise to those levels

what gold purchases world wide is what counts in the end !!

AX

If the US continues cutting short term rates and monetizing debt and cdo's you will see 8,000 maybe even 10,000 dollar gold in US dollars; October 17, 2007 6:41 PM