[bert]

-----the yellow metal's still up about 20% this year----

- Last week I asked the question and looked up the Kittco 5 year chart. If you plot the trend line and extend it off the chart, and then draw two new vertical grid lines, you see the trend line crossing $2,000 in about July, possibly early August of 2012.

I calculated the slope and got 22%, a slightly higher figure than in this article. That can easily result from choosing the numbers for the slope calculations.

By drawing the trend line the question is answered. The spike is just that. The spike is anomaly and can be thrown out. The price has now settled and resumed to rise on the established trend line. Gold $2,000 by July

See for yourself

[Atlas Sneezed]

I did a similar calculation earlier this year, using a 10 year chart on a log scale. It’s a consistent slope of 15 percent annual gain, and puts the current price at about $1500. I should rerun it.