U/D,,,financial advisor , yes it can happen. it is part of the uper cycle when is done. we are in the super cycle for gold which last about 8 yrs.
it started early 2002. that when DROOY went from $0.50 / $5.00 area but then the dollar wasn't as bad as it is today.
i can't remember a super cycle in the GOLD commodity.
it seems like as oil goes , GOLD goes in this bull commodity market.
the taipan gent toby said $50 / $60 with a possibility of $90 oil. china has the oil markets in their controls as the greed from opec.
so say a $90 oil , that means GOLD COULD DO A 80% MOVE IF OIL GOES TO $90.
40% X'S $435 ='S $160 gold + $435 ppo today ='s $595 GOLD.
80% x's $435 ='s $350 GOLD + $435 ppo today ='s $785 GOLD
I THINK THIS IS WHERE YOU SEE THE IMAGINARY CHART POSSIBILITY OF $800 GOLD IN THIS SUPER CYCLE.
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