how high will gold go?, page-6

$504 sounds good but there will be profit takers to come. I would feel happier if Gold was $515 or so.

TA people ought to know there are very solid fundamentals backing a positive run IMHO.

In any case, it is a very low price considering past and current inflation. The US CPI runs at more than twice the reported CPI and is thought to be about 7%-8%.

The deflator which is used to reduce the GDP, is understated and the real GDP is much less than reported.

The intended omission of the key M3 number has not gone unnoticed and is contributing to Gold's rise. It is the FED's admission, they don't want you to know how much new money wil be "printed" this year: expect a heavy rise in the money supply.

The economic systems of various countries is leaking heavily; it is no use bending or falsifying data as the FED does.

Heavy inflation transfers wealth from the have-nots to those who have and it is prevalent in quite a few countries.

Gerry