Well I wasn't sure where to put this, so I got the "Okay" from a mod to go here.

I've been thinking and studying the Gold Prices and Trends.
We all remember that 200 dollar gold drop from 750 USD, right?
It got up pretty high, then a few months ago, dropped pretty heavily and suddenly, causing destruction to all / most AutoSurf, HYIP, Investment Programs, etc. who use E-Gold or other processors.

If you look at the chart below, you'll see that the prices are almost at the high it had reached a couple of months ago...

Now, I believe I am correct in saying that history repeats itself, right?
So if we can assume that the above is right, then we can assume that it will once again reach that 750 USD mark again... And if it does, then it will inevitably collapse and drop again.

It appears to me that the economy and gold prices are like a rubber band...
You pull it, and it extends, to it's high.
But what happens if it's pulled too hard, too fast?
It snaps..
So what if the economy and gold changes too quickly, or too much.
Won't it do as the rubber band, and just collapse?

Will the price of gold drop again?
If so, then this is a warning to all HYIPs, AutoSurfs and any programs or people that use E-Gold.
Be careful.

Maybe I'm a bit too paranoid or analytical, but I am curious to hearing your thoughts, views, and / or opinions on this.

RisingSun

i remember reading that the value of egold is somehow connected to the value of US oil... gasoline is high right now, so is egold... when it drops, egold drops.


so, i dunno

[edit]False accusations[/edit]

[edit]False accusations[/edit]

[edit]False accusations[/edit]

From what i've seen through personal investments is that gold is the safeway that big players take their money in times of financial instability. So I wouldn't say is about history on a chart, although trends help, you also have to look at the economy. From what i saw and was able to get in on the action was rise of gold prices according to the raise in interest rates from the fed and the high prices of oil. There was also the last hurricane season. So from what i've learned trends + fundamentals when combined work really well, but then again there is alway the surprises, after all it the market is an uncertain thing.