Dollar Inflation remains the driver of the pricing environment for almost everything denominated in U.S. Dollars as long as the Fed continues to monetize debt. The debt monetization creates Dollar Inflation that results in Dollar Devaluation. As the Fed ramps up the QE II that they have announced will end in June, I expect Gold, Silver, and the PM stocks to aggressively rise.
In previous articles I have shown that fractal analysis suggests that:
· Gold could reach $1860 into the May/ June period based on the late 70’s Fractal. I have also shown the potential for Gold to rise even higher if the market psychology is volatile enough - up to $1975, or even up to $ 2250.
· The HUI at from HUI 940 to 970 by mid-June is a distinct possibility and we will discuss the fractal considerations for the PM stock indices further in the next editorial.
· Silver could reach $52 - $56 into May – June of 2011 as explained in this article.
Fractal analysis provides us with:
· decent target estimates in price and in time,
· decent reference points to keep us on track and, most importantly,
· decent expectations for the quality of potential price moves.
http://news.silverseek.com/SilverSeek/1298386244.php
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