Maybe bring out a chart and and have an objective discussion of why you think technically gold will test 800$ from your predictions
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Well here's the chart, the gold bubble burst in 2011 and it's far from over. When an economic bubble bursts it's all the same.
Here's where we're at.......
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According to Dieperink, the inflation-adjusted price of gold has been around $400 per troy ounce for the last hundred years. From his perspective, the rise of gold to $1.900 per troy ounce back in 2011 was clearly a bubble. Based on his bubble theory, he expects the gold price to fall by as much as 70% to a level below $500 per troy ounce. The Rabobank analyst made a similar forecast in late 2015. Since then, the price of gold rose from a multi-year bottom of $1.060 all the way to $1.370 per troy ounce.
