GOLD has been in a Bull market since September1999 when the price fell to $255 and retested the low 17 months later in April 2001. Since then GOLD had risen for the last 10 years. First leg up took 7 years and rose $750, before a $300 pull back in 2008 in just 6 months. Second Leg up is $725 so far......with a potential to reach 1.618 * $750 + $700 = $1900 by 2012. Ultimate target high is $6000 by 2016.
2001 $255-$295 +$40
2002 $280-$350 +$70
2003 $320-$420 +$100
2204 $380-$450 +$70
2005 $420-$540 +$120
2006 $540-$720 +$180
2007 $600-$850 +$250
2008 $700-$1000 +$300
2009 $810-$1210 +$400
2010 $1050-$1430 +$380
2011 $1250-$1650 +$400
2012 $1400-$1900 +$500
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