On April 22nd, we wrote an article “Silver 2006 vs Silver Today, Does it look Familiar?”
The patterns were nearly identical… and so was the huge drop that followed.
In this article, we will compare the recent price behavior in gold to the price behavior in 2006, and see if we can learn something from the past.
First, let’s have a look at the gold price in 2006.
Now, let’s have a look at the Gold price in 2011:
Now let’s place the two charts next to each other, to see the similarities:
If this isn’t clear enough, have a look at the chart below, which lays one chart on top of the other…
For those who believe gold will go to $5,000, have a look at the following interesting post, written on June 24th:
Gold Headed to $5,000 per Ounce?
For those who think the recent dip towards $1,700 was the bottom of a sharp correction and who missed out on this chance to buy the dip, consider reading the following post:
How to Get a Second Chance to Buy Gold at $1,700
If you have any questions, feel free to contact us at firstname.lastname@example.org
This is not a recommendation to Buy or Sell. Do your own Due Diligence.