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Old 03-25-2013, 03:15 PM   #113
mhgaffney
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Why gold is a great bargain today at 1605/ounce

Check out the chart below which shows the steady rise in the price of gold from 2001 to 2010 -- at which point the fed began manipulating the price to keep it from rising further.

Without that artificial cap - - you can extrapolate the slope to what gold would in all likelihood be at today -- somewhere conservatively above 2200/ounce.

The Fed's shorting of gold down to boost confidence in the dollar shows their desperation. Otherwise -- why thwart a bull market?

MHG
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