Looking at the parabolic rise in 1980 and the huge cci spike, in comparison the 2011 peak is weak and not really parabolic, which is what Martin Armstrong has argued that Gold still has much farther to go on the upside.... $5000 area but first some more damage may occur, perhaps into the $1000 area or even touching the 1980 high.
My own work called for current peak last August and I am looking for a low this month around the 22-25 of Oct, then rally into late Dec or early Jan. I am also seeing a large peak in Silver next summer 2014 so Gold should go up too.
My final peak should happen in 2016-17 followed by a huge low in 2032 which is also Armstrong pi cycle model peak.
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VijaySahota
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Do you still think the metals will be weak until the end of 2015? What are your price targets for gold and silver for the low?
RussBrowne
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I am getting mixed signals on various precious metals, Platinum has a trend for a big low in mid 2015, otoh Silver seems to be breaking out of it huge bull flag now. There should be a peak in gold and silver this autumn, so next spring is likely going to be the real test.
russ.browne.52
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Update Nov.11, 2013. I changed my low for Gold projection to back to my original Oct. 8-10 (on Traders-talk.com which worked out. I currently have a low projection for silver at the end of Dec.2013 so Gold should go down into that time too as the Dollar index continues to rally. late Summer 2014 should see a big peak in gold and silver, then a move down into late 2015. Dollar index should peak in late 2015 on armstrong's ecm.