The following was posted to our local gold mine website here in northern California tonight. I expect silver prices in 2012 to be well in the excess of $100.
| By bluejay |
01/12/2009 8:20PM
|
Last on gold is $826.00, up $5.80 from the NY close.
At jsmineset.com tonight CIGA(Comrades in Golden Arms) Alex presented a long term French curve on gold predicting that the 3000's will be reached in the year 2012. Jim agreed with Alex by responding with an emphatic, YES.
Today, the extreme bottom of the formation is located at $735 with the high point being $1100.
By year-end 2009 the extreme low point is $875 with the extreme high point at an exciting $1300. So, the next time the paper's and the cartel make a bunch of noise like today with lower metal prices, just keep in mind these future prices along with the $3000 plus price in 2012.
Don't be faked out of your positions with all the negative chatter and especially, don't let them effect your confidence in buying more on reactions. |
