TLI Predicts Gold Prices will go to $1137 an oz soon.
Based on an analysis of the gold market, Tower Liberty Institute insiders predicted on Dec 19th that gold will rise to $1137 in the future. by Emma Goldman
(libertarian)
Saturday, December 20, 2008
Don't call me Joan of Arc, because I'm not an oracle, but Nickalis and I just did an analysis of gold prices today, based on retail gold coin prices, that predicts gold will go to $1137 in the future.
We can't say when, but we're confident in this analysis.
The views expressed
in this article are those of Emma Goldman only and
do not represent the views of Nolan Chart, LLC or its affiliates.
Emma Goldman is solely responsible for the contents
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Posted By: Jahfre Fire Eater
Date: 2008-12-21 08:21:11
Yay! I love predictions about high gold prices...but I'll wait to sell until there is no where to go but down.
$1137 will certainly be a value gold attains but I doubt it will be a top. I make no predictions, I just prepare for possible outcomes based on how I'd like to come through this mess.
Will gold go to $1137 per ounce? Probably but who knows when. We really don't know what the future holds. Will we see hyperinflation? If so, gold may get that high and higher ...maybe.
 But right now what we are seeing looks more like deflation. And that could spell lower prices for gold ... maybe. If people are hurting for money will they spend what they have on gold, or food? I'd bet food.
Looking at the Feb09 calls and puts ranges, the price of gold will probably oscillate between $740 and $950, with most of it in the $820 to $890 range. $1137 is what I call an outlier. The $1200 calls don't cost much, because they have a high likelihood of expiring worthless!
Also, basing the price of gold on gold coins is like predicting the price of corn based on bags of cornmeal.    How do account for manufacturing costs in your model? Do coins always lead bullion?
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