What is the future of the price of gold?
The answer hinges on the dollar. If the dollar declines, gold will rise. The inverse is also true but I believe that there is no case now for dollar strength other than short-term rallies from oversold conditions natural to all markets. As we know the value of a real estate investment is determined by location, location, and location. The US dollar, the US dollar and the US dollar will now determine gold’s value as indicated by the USDX (The US Dollar Index). As the USDX declines, gold will rise. This editorial, IMO, offers significant recorded historical fundamental evidence with clear definition of the condition, deflation, to respectfully rebut those who claim (such as my honorable and respected colleagues Robert Prechter and the Elliot Wave technical analysts and Andrew Smith in his $310 to $385 prognosis) that we are headed into a Deflationary Depression and taking the price of gold down. Gold in fact recently touched $360, a significant level. Gold has gained its price level not
