Saturday, September 8, 2012

Fractal Analysis: Huge dollar devaluation will drive gold much higher

Here ya go with the crazy projections.  See the disclaimers in the side bar.

http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=158304&sn=Detail&pid=110649
The Fractal Gold chart work is a direct comparison of Gold, today, to the late 70's Gold Parabola.  Thus, "timing" is taken directly from the late 70's cycle, with price targets created from a combination of the late 70's Gold price and different technical analysis techniques.  We developed a price target back in 2006/ 2007 for Gold to reach the $10,000 to $12,000 range during this Gold Bull.  Anything above that range would mean that the "Stagflation" comparison to the late 70's was exceeded and "Hyper-inflation" would become a real possibility.
I told you this fractal analysis was bat$hit-crazy. But who am I to say they are wrong?

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