![](http://www.kitco.com/ind/Claire/images/20131018/untitled6.jpg)
Prepare for a Rise in the Price of Gold as the rubber band effect takes hold -
![](http://www.kitco.com/ind/Claire/images/20131018/untitled4.jpg)
US debt ceiling has just been pushed upward for the 79th time since 1960, and
right after the last raise in 2011 -
the price of gold rose +17% between August 1st ($1620), and
August 22nd ($1898) – that was +17% in just three weeks!
A similar reaction by gold at this time could result in
price rising quickly from $1281 to $1498.
![](http://www.kitco.com/ind/Claire/images/20131018/untitled.jpg)
Here is the gold chart that records the beginning of the current bull
market, along with three upside breakouts and the expectation for
the next breakout, marked by arrows.
(Charts courtesy stockcharts.com unless indicated).
Rickards: Gold Could Ultimately Surpass $9,000 an Ounce
Thursday, 02 Jan 2014
By Dan Weil
http://www.moneynews.com/InvestingAnalysis/Rickards-gold-9000-China/2014/01/02/id/544820
http://web.tmxmoney.com/quote.php?qm_symbol=LSG:US
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95869580
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95703501
God Bless
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