Saturday, June 27, 2009

The price of gold charted... into the future

When it comes to investments, it's easy to find charts. But a graph that maps out the price of a commodity into the future appears to be rare. A contributor at GoldTent produced this prediction of gold prices extending out several months (the orange arrow in August represents a price of $1,050; the two red arrows in October depict $1,285 and $1,520).

Given the possibility of dramatic inflation in commodity prices, the scenario does not seem far-fetched.

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