Monday, August 1, 2011

Tom Cloud : Gold goes up 13 percent up each time the Dollar goes down 1 percent

Tom Cloud : If you look at going back from end of July 2001 to July 2011 Gold is going up 13 percent for every one percent the dollar is gone down , when the dollar goes back to 72 where it was in 2008 , Gold will be $2030 , if it drops to 70 Gold will be $2060 if the dollar drops to 68 it will be $3079 an ounce if it drops to 65 which a lot of economists are predicting by the end of next year Gold will be $4126 an ounce , I do not see why this relationship won't continues ....

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

No comments:

Post a Comment