Barry Stuppler

By Goldrunner

Our work with Gold is based on a “Model” off the late 70’s Gold Bull that has been replicating nicely since we started the Fractal Work with Gold back in 2002 and 2003. Short-term volatile moves in Gold, as we have seen over the past weeks, do not affect our projections based on the model, leaving the expectation of a move in Gold up to $3,000 into mid-year based intact as outline in our previous article entitled Gold Tsunami: on the Cusp of $3000+?

This is no different than our projection calling for Gold going to $1860 to $1920 back in April in an article entitled Goldrunner: Gold on track to Reach $1860 to $1920 by Mid-year.  Many thought Gold’s run was finished, but then Gold shot up to tag our $1920 price target on the nose....

GOLD We saw a dramatic correction in the gold price last week.  This was caused by continued concerns over the European Sovereign and banking debt crisis. (An overview and my thoughts on this issue in the paragraph below).  Gold dropped $118.90 per ounce (6.9%) between Friday Dec.9th and Friday Dec.16th, closing the week at $1,597.60 per ounce.  The low price...