via Advisor Perspectives - How Much Lower Can Gold Go?

A simple comparison of corrective lows of the gold price since 1968 shows that the probability of a lower gold price is very slim. 1/263.

http://advisorperspectives.com/dshort/guest/Vrba-130702-Forecasting-Gold.php

It would not be a fantasy to maintain that the long term outlook for gold prices would be that prices will trade around $2500/oz. about 10X the low of $253/oz. The high in gold prices should be almost $3000/oz.

The great gains were made in the first upwave, from 253 - 1033.

-F6