Thursday, August 29, 2013

Citi Asks "How High Can Gold Ultimately Go?" | Zero Hedge

Citi Asks "How High Can Gold Ultimately Go?" | Zero Hedge: "We still retain a view that we can see a “low to high” percentage move in this bull market similar to what we saw in the bull market of 1970-1980.

If we extract the final leg of that move in December 1979-Jan 1980 which was totally driven by the USSR invasion of Afghanistan almost doubling the price of Gold over 5 weeks then we end up with a target of around $3,500 over the next 3 years or so."

'via Blog this'