GOLD $2500 Silver $150 ?

[Peter Hansen]

The pundits appear to be coming out of the woodwork touting much higher Gold and Silver prices in 2008 . According to inflation adjusted dollars , the peak gold and silver reached in the early 80's would be equivalent to $2500 gold and $150 silver using today's dollars .....of course these prices are NOT expected to be reached in 2008, but according to many these 2 metals will advance nicely in 08 .
Look at the $GOLD chart, does anyone see a breakout from here....perhaps Spike Fader and other excellent chartists could weigh in on this . My charting analysis skills are very rudimantary, and I would like some help on this one.
Also if you believe gold and silver will sky rocket ........what are the best plays? That is what I like about this site , the fact that many talented individuals are free to express their unbiased opinions.
Well here is the $GOLD chart .......opinions and analysis please .....Thank You!

http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=6&dy=0&id=t39903757273&r=4388&cmd=print

[skiracer]

The pundits appear to be coming out of the woodwork touting much higher Gold and Silver prices in 2008 . According to inflation adjusted dollars , the peak gold and silver reached in the early 80's would be equivalent to $2500 gold and $150 silver using today's dollars .....of course these prices are NOT expected to be reached in 2008, but according to many these 2 metals will advance nicely in 08 .
Look at the $GOLD chart, does anyone see a breakout from here....perhaps Spike Fader and other excellent chartists could weigh in on this . My charting analysis skills are very rudimantary, and I would like some help on this one.
Also if you believe gold and silver will sky rocket ........what are the best plays? That is what I like about this site , the fact that many talented individuals are free to express their unbiased opinions.
Well here is the $GOLD chart .......opinions and analysis please .....Thank You!

http://stockcharts.com/h-sc/ui?s=$GO...4388&cmd=print

Pete,
I've been holding a position in the Gold ETF GLD since around the $46 level almost 1 1/2 years now. I don't see the appreciation a result of the use of gold in products or anything related to that. I see it as more of a geopolitical appreciation. When oil goes up, for whatever reasons, and the political situation worsens, such as with the recent assasination of Bhutto in Pakistan, it drives the price up because it is a safe haven in turbulent and unsettled times. I wouldn't be a buyer at these levels.

[Peter Hansen]

Gold to Oil Ratio Says BUY GOLD

Look at the chart below . A reading below 9 indicates "BUY GOLD " If it is above 11 go to OIL. The Historic ratio is ideally 15/1 GOLD:OIL The ratio will ALWAYS revert to the mean ....and this means current GOLD prices MUST go up...or OIL must come down.

http://stockcharts.com/h-sc/ui

[Peter Hansen]

Sean Brodrick Comments on Gold

Anyone can go to the Money and Markets website and read this report for free, of course they would hope you subscribe to one of their publications.
Sean basically says > "BUY GOLD" Great report and you will learn soemthing .

http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1330